Tag Archives: Bakkt

Bakkt now plans to offer cash-settled bitcoin futures; looking to beat rival CME Group

Bakkt now plans to offer cash-settled bitcoin futures; looking to beat rival CME Group

Bakkt, a provider of physically-settled bitcoin futures contracts, is now planning to offer a cash-settled version of the product due to customer demand. “We have the intention of offering a cash-settled contract as well,” Bakkt chief operating officer Adam White told at the Invest: NYC conference on Tuesday. Bakkt, a subsidiary of Intercontinental Exchange (ICE), the parent […]

Bakkt Opens Bitcoin Custody to All Institutions, Futures on Track for New ATH

Bakkt Opens Bitcoin Custody to All Institutions, Futures on Track for New ATH

The Bakkt platform has just announced that it will now allow any institutions to use its Bitcoin custody solution. Previously, only those trading the platform’s Bitcoin futures contracts had access to the Bakkt Warehouse. The news comes as Bakkt futures look on track to set another all-time high. After a rather dismal start to trading on the […]

CME Reveals Details of Upcoming Bitcoin Options Contracts

CME Reveals Details of Upcoming Bitcoin Options Contracts

CME Group has just published the specifications for its upcoming bitcoin options contracts. The Chicago exchange revealed Wednesday that each contract would be based on one of CME’s bitcoin futures contracts (which in turn consists of five bitcoin); the contracts would be quoted in U.S. dollars per bitcoin with a tick size of $25 (or $5 for […]

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

The Intercontinental Exchange (ICE) is launching bitcoin options contracts through its subsidiary Bakkt. Bakkt announced Thursday that it would “launch the first regulated options contract for bitcoin futures,” adding a new product to its current slate of physically-settled bitcoin futures contracts. CEO Kelly Loeffler said in a Medium post that the contracts were built in response to customer […]

It’s Too Soon to Write Off Bakkt, Wall Street Analyst Tells ICE Investors

It’s Too Soon to Write Off Bakkt, Wall Street Analyst Tells ICE Investors

It’s too soon to write off Bakkt, despite the bitcoin futures market’s disappointingly slow start, analysts at Oppenheimer & Co. said. In an Oct. 1 research note, the equity research firm encourages investors to “not get upset” about the lackluster trading volume of Bakkt. For one thing, its parent company, Intercontinental Exchange, has plenty of other […]

Bakkt’s Slow Start Doesn’t Mean Bitcoin Futures Have Flopped

Bakkt’s Slow Start Doesn’t Mean Bitcoin Futures Have Flopped

It’s a lively time for bitcoin derivatives – or at least for those writing about them. For those trading them, it may be business as usual. The Chicago Mercantile Exchange (CME) announced Friday it is preparing to offer options trades on its bitcoin futures contract. It’s a surprising move, because options volume to date rounds […]

The five most important dates for Bitcoin until 2020

The five most important dates for Bitcoin until 2020

The crypto industry is gearing up for an event-packed few months. From the resolution of the New York Attorney General’s injunction against Bitfinex and Tether to the final decisions of the long-awaited cryptocurrency ETFs, here’s a list of some of the most relevant dates in the crypto industry to keep an eye on. Aug. 22: New York Attorney General’s […]

A Fidelity-backed firm that’s been quietly moving crypto around for large trading firms has secured $16 million in Series A

A Fidelity-backed firm that’s been quietly moving crypto around for large trading firms has secured $16 million in Series A

While many cryptocurrency custodians and exchanges busy themselves with building secure wallets to store digital assets, fewer companies recognize the need for safe transitions of crypto assets between those wallets. Fireblocks, which already counts over-the-counter trading firms Galaxy Digital and Genesis Global Trading as customers, aims to fill that gap. Previously operating under stealth mode, […]

Bakkt Clearing the Way For Institutional Investors Pouring into Bitcoin This Summer

Bakkt Clearing the Way For Institutional Investors Pouring into Bitcoin This Summer

The much anticipated Bakkt platform looks like it is finally ready to launch this July. Those behind the project and many in the wider crypto asset space are hoping that the institutional-grade offering will encourage investors with the deepest pockets to enter the Bitcoin market. Bakkt plans to appeal to the wealthiest class of investor by providing many […]