Bakkt is launching a new type of bitcoin is the product on the 9th of december – Breaking News

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As from december 2019 at the latest, users of the platform, Bakkt contracts with the bitcoin options trading. Even though Bakkt a very slow start, starting the trade now, but to be on the increase. And add-on products, the volume of trade only to do the right thing.

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From the 9th of december to be available, rather than the CME

According to a mediumpost of the chief executive officer of Bakkt: Kelly Loeffler, will provide the platform for the new derivative product, on the 9th of december to launch. She writes:
“We are committed to providing you with the confidence, the option contract is an example of one of the many products which we are developing quasi-markets.”
Loeffler described the launch as “a first in the industry.” The CME Group also plans to have a similar product, but it is only since the beginning of the year 2020. It seems that Bakkt just a couple of weeks ago, it will be.

But why are the options?

So what are the options exactly? Options on futures contracts, provide the merchant with the ability to be a price at which he is a futures contract wishes to buy or sell at the time that it expires. Thus, traders might be better to hedge, as a kind of insurance against a hard, rising or falling bitcoin price.
Loeffler says that the options that have been added as a result of feedback from our customers. It describes the launch of a new derivative instrument to the platform, as well as:
“… a major step forward in the development of this asset class for institutional investors, customers and investors.”

You can Bakkt the hype has yet to deliver on it?

Physically completed contracts contracts in in of Bakkt saw the light of day in september of this year. The expectations were high, perhaps too high for Bakkt was all the hype in the first place, not to make it.
A large share of the cryptocurrency community has been hoping that the launch of the Bakkt is a kind of institutional shopping frenzy it would cause the prices to a new all time only one of them. On the contrary, the volumes have been low, and that the bitcoin price has declined largely since the platform went live.
In the last few days the trading volume on the Bakkt, however, has been steadily increasing. On the 23rd of October, reaching the volume is at the highest point ever, with around 4,81 million dollars.

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