Bakkt to launch options for its bitcoin futures in December
Bitcoin derivatives provider Bakkt has announced the launch date of an options contract for its bitcoin futures. The firm will launch the first regulated options contract for bitcoin futures on Dec. 9. O
According to Bakkt CEO Kelly Loeffler, the new contract product is based "on customer feedback and is designed to hedge or gain bitcoin exposure, generate income, and offer cost and capital efficiencies." Bakkt Bitcoin Options contract "represents another important step in developing this asset class for institutional investors, their customers and investors," adds Loeffler.
On Wednesday, Bakkt futures volumes hit an all-time-high of ~$4.81 million—the figure is more than the total volume over the nine previous trading days combined.
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