News Brief: Bakkt strives to leave CME behind with bitcoin options

Posted 11 October, 2019

The operator of crypto trading platform Bakkt - Intercontinental Exchange – expressed intentions to launch additional products for the bitcoin market.

According to The Block report, Bakkt is said to expand its list of the products with bitcoin-based options. 

For reference, the platform eventually launched physically-settled bitcoin futures in September.

Notably, the company spokesperson stated that they plan to roll out a new product before CME Group started offering similar options. In particular, the latter confirmed its intentions to launch bitcoin options in Q1 2020.

The representative of CME Group commented earlier that their options were expected to lure miners and traders in Asia.

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11 October, 2019 14:46

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