Bakkt is All Set to Launch Options on Bitcoin Futures in December
Over the past few years, the crypto sphere has come a long way to emerge as one of the most exciting investment options for investors, and the introduction of Bitcoin futures was one of the bigger developments in this regard. In a new development, the highly influential International Exchange (IE) has stated that it is now going to introduce options in Bitcoin.
The service is going to be launched on Bakkt, one of its subsidiaries, and among the most popular destinations for high-level trades in the crypto space. The announcement was made by Bakkt late Thursday, and it goes without saying that it has created buzz in the market.
In the announcement, Bakkt stated that this is the first time that regulated options are being provided on Bitcoin futures. It is a significant development for investors who are interested in the crypto space.
Moreover, it is also important to note that Bakkt also serves institutional customers and is well known for its merchant services. The availability of both futures and options will make it more palatable to professional traders.
The Chief Executive Officer of Bakkt Kelly Loeffler wrote about the development in a post on Medium. She said, “The Bakkt Bitcoin Options contract will be based on the benchmark Bakkt Monthly Bitcoin Futures contract and represents another important step in developing this asset class for institutional investors, their customers, and investors.” One of the more important features of the whole project is that customers who buy these options will also be able to settle their positions in cash if they so wish. Considering the fact that the company launched its Bitcoin futures only a month ago, it must be said that it has been quick to introduce Bitcoin options, and the introduction of the new product will ensure that more traders participate in the platform in the months to come.
Featured image: DepositPhotos © grejak