Bakkt’s Futures Platform Slated to Begin Trading in December

Bakkt’s Futures Platform Slated to Begin Trading in December 1

Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission.

Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.” The platform is advertised as an all-encompassing, “open platform” for “digital assets across global markets and commerce,” and was, in part, pitched as a solution for day-to-day crypto payments for merchants.

It also comes with a promise of daily futures contracts. The Bakkt Daily Bitcoin Futures Contract will allow investors to trade “a physically settled daily futures contract for bitcoin,” according to the announcement. This means that, unlike their CBOE and CME counterparts, which settle in cash, these contracts will settle in actual bitcoin.

The announcement continues to state that “[one] daily contract will be listed for trading each Exchange Business Day.” Each bitcoin will be held by Bakkt LLC in what the exchange calls its “Digital Asset Warehouse,” and each contract will be settled by ICE Clear US, a subsidiary of the Intercontinental Exchange.

Full details and specifications for the contracts can be found here.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 60,188.00
ethereum
Ethereum (ETH) $ 4,032.23
binance-coin
Binance Coin (BNB) $ 474.33
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.12
solana
Solana (SOL) $ 188.62
xrp
XRP (XRP) $ 1.08
polkadot
Polkadot (DOT) $ 42.33
dogecoin
Dogecoin (DOGE) $ 0.255608
usd-coin
USD Coin (USDC) $ 0.998411
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 60,188.00
ethereumEthereum (ETH)
$ 4,032.23
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 619.10
litecoinLitecoin (LTC)
$ 191.70
bitcoinBitcoin (BTC)
51.687,95
ethereumEthereum (ETH)
3.462,78
tetherTether (USDT)
0,858775
bitcoin-cashBitcoin Cash (BCH)
531,67
litecoinLitecoin (LTC)
164,63
bitcoinBitcoin (BTC)
43,676.93
ethereumEthereum (ETH)
2,926.09
tetherTether (USDT)
0.725675
bitcoin-cashBitcoin Cash (BCH)
449.27
litecoinLitecoin (LTC)
139.11

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021

Blockchain/Cryptocurrency Questions and Answers

ICo Presale
The Science Behind ICO Presales…
October 14, 2021
Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin60,530 0.36 % 2.29 % 1.04 %
Ethereum4,039.6 0.14 % 0.60 % 4.80 %
Binance Coin475.20 0.24 % 1.96 % 1.58 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.130 0.49 % 1.62 % 2.61 %
Solana189.88 0.22 % 6.17 % 19.97 %
XRP1.080 0.45 % 1.22 % 4.91 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2578 3.23 % 4.01 % 8.05 %
USD Coin1.000 0.14 % 0.20 % 0.17 %

bitcoin
Bitcoin (BTC) $ 60,188.00
ethereum
Ethereum (ETH) $ 4,032.23
binance-coin
Binance Coin (BNB) $ 474.33
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.12
solana
Solana (SOL) $ 188.62
xrp
XRP (XRP) $ 1.08
polkadot
Polkadot (DOT) $ 42.33
dogecoin
Dogecoin (DOGE) $ 0.255608
usd-coin
USD Coin (USDC) $ 0.998411