Bakkt from the 9th of december this year, the options on bitcoin futures markets have to offer. That’s ICE, the company behind the Bakkt, and the New York Stock Exchange announced today in a blog post.
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Bitcoin options Bakkt
An option gives a buyer the right to have a future is a contract to buy or sell a pre-determined price and expiration date. The underlying asset of the option so in the future. By the way, a futures contract allows a trader to speculate on an increase or decrease in price of bitcoin.
Bakkt is in contrast to, for example, CME currency futures, in which a daily or monthly basis, come to an end. The bill will take place in bitcoin, and not in Us dollars.
The timing is also quite important to be called CME in the first quarter of 2020, with a similar product, and Bakkt compares them with the equivalents.
According to the CEO, Kelly Loeffler, customers will have the product required. With an option traders, as their risk of a position is hedged by an option-ed.) or just increase the challenge. In the jargon, it sounds if we are to introduce this product to the institutional investors ‘ greater confidence’.
Volumerecord
The engine of the Bakkt start to slightly turn. After a cautious first of the month, and is last Wednesday, when the stock price at the spot market of suddenly $ 500 dipte), a volumerecord is achieved.
One day, there will be $4,81 million contracts traded, surpassing the combined volume of the nine-days ago.
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