RATE Group | Bakkt Announces First Regulated Options Contract for Bitcoin
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Bakkt Announces First Regulated Options Contract for Bitcoin

24 Oct Bakkt Announces First Regulated Options Contract for Bitcoin

Posted at 15:55h in Bitcoin News by

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Bakkt announced on Oct. 24 that it will be launching the first regulated options contract for Bitcoin (BTC) futures on Dec. 9.

Bakkt options contract is certified with CFTC

According to the Bitcoin futures exchange, the key features of the Bakkt Bitcoin Options contract include capital efficiency, cash or physical settlement, European-style options, low fees, as well as instant messaging, block trades and options analytics.

A European-style option is an option contract that limits the opportunity for early execution and reduces operational burdens, the firm noted.

The new options product is based on customer feedback, explains CEO Kelly Loeffler and is designed to hedge or gain bitcoin exposure. 

Bakkt adds:

“ICE Futures U.S. has self-certified the contract with the CFTC and we’re excited to leverage the benchmark futures prices and institutional-grade custody to meet the needs for a regulated options contract.”

$1.25 fee per option contract starting in 2020

As Bakkt CEO Kelly…

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