Bakkt Launches First Regulated Bitcoin Options, Cash Settled Futures

NEW YORK — Bakkt, Intercontinental Exchange’s (ICE) bitcoin futures trading platform, has launched their first bitcoin options and cash-settled futures in the United States.


“By starting with the physically delivered Bakkt Bitcoin (USD) Monthly Futures, we have a benchmark contract that provides the foundation for us to develop complementary products based on the needs of our customers,” said Bakkt COO Adam White, in a recent blog post.

The two new products introduced include Bakkt Bitcoin (USD) Monthly Options, as well as, Bakkt Bitcoin (USD) Cash-Settled Futures.

Bakkt’s monthly options product is the first bitcoin options contract regulated by the Commodity Futures Trading Commission (CFTC).

According to the announcement, the price will be determined within a federally regulated market, with no exposure to unregulated bitcoin spot markets.

Recently, Bakkt CEO Kelly Loeffler was appointed to the U.S. Senate, replacing Sen. Johnny Isakson (R-GA), who will retire at the end of the year.

Loeffler played a key role at each stage of the growth of Intercontinental Exchange since joining the firm in 2002.

The company has continued to expand since its launching with low volume on Sept. 23.

On Dec. 3, Bakkt hit a new all-time high with a reported volume of $6.5 million on the day.

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company formed in the year 2000 to modernize markets.

ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets.

A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes.

As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.


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