RATE Group | ICE-Backed Bakkt Will Begin Trading Bitcoin Futures On Dec. 12th
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ICE-Backed Bakkt Will Begin Trading Bitcoin Futures On Dec. 12th

29 Oct ICE-Backed Bakkt Will Begin Trading Bitcoin Futures On Dec. 12th

Posted at 15:51h in Bitcoin News by

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Bitcoin futures trading on Bakkt, the new platform announced by the Intercontinental Exchange in August, will begin on December 12, according to a recent notice issued by its owner. Each contract on the platform will consist of one bitcoin. The minimum tick size for trading is $2.50 per bitcoin. The futures contract will be cleared through ICE Clear US, which also clears trades for NYSE. 

Backed by a diverse array of big names, including Starbucks Corporation (SBUX) and Microsoft Inc. (MSFT), Bakkt is expected to be a game changer in the cryptocurrency investment industry. Bitcoin futures on the exchange are physically settled, meaning that the party will receive delivery of a bitcoin from the Bakkt Digital Asset Warehouse at the end of the contract period. In contrast, futures contracts at CME and Cboe are cash-settled and based off the price of bitcoin at underlying cryptocurrency exchanges.

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The Bakkt announcement…

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