Bakkt launching new bitcoin (BTC) options contract

Bakkt launching new bitcoin (BTC) options contact - CryptoNinjas

Bakkt, the recently launched U.S. regulated bitcoin futures/custody ecosystem, announced today that on December 9th, it will launch a new options contract based on its monthly bitcoin futures contract.

“The new contract is based on customer feedback and is designed to hedge or gain bitcoin exposure, generate income, and offer cost and capital efficiencies. ICE Futures U.S. has self-certified the contract with the CFTC and we’re excited to leverage the benchmark futures prices and institutional-grade custody to meet the needs for a regulated options contract.”
– Kelly Loeffler, CEO of Bakkt

Features of the Bakkt Bitcoin Options contract: