Advertisement
AD

Main navigation

Bitcoin Futures That Are Settled in Cash to Be Launched by Bakkt in December

Advertisement
Fri, 22/11/2019 - 6:52
Bitcoin Futures That Are Settled in Cash to Be Launched by Bakkt in December
Cover image via 123rf.com
Read U.TODAY on
Google News

In its new press release, Intercontinental Exchange has revealed that the launch of its Bakkt's cash-settled Bitcoin futures will take place on Dec. 6. This confirms the statement that was made by Bakkt COO Adam White who claimed that Bitcoin-to-USD futures would go live by the end of the year.    

Advertisement

Related
Bakkt Will Allow You to Spend Bitcoin at Starbucks with Its New App: Details

The cash-settled futures contracts of the recently launched cryptocurrency trading platform will be listed ICE Futures Singapore, thus becoming the first crypto product offered by the pan-Asian trading venue.            

The announcement comes right after the Monetary Authority of Singapore (MAS) proposed regulating cryptocurrency futures on Nov. 20 in its consultation paper to address an increasing interest towards such products from institutional investors. The MAS also rang alarm bells for retail investors, warning them about the risks that are associated with the highly volatile asset class. 

"The underlying payment tokens tend to exhibit high volatility and are intrinsically difficult to value ... Losses also amplified due to the leveraged nature of derivatives, and investors may even lose more than the whole amount they had put in," MAS said.

card

As reported by U.Today, Bakkt launched the first physically-settled Bitcoin futures on Sept. 23, which was followed by a sharp 20 percent drop of the Bitcoin price. This product is unique because traders are paid directly in BTC upon the expiration date. 

Cash-settled Bitcoin futures are nothing new. Both Cboe and CME introduced them in December 2017, but the former had to halt the addition of new contracts since it had a hard time competing with its next-door rival. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Shiba Inu's Shytoshi Kusama Ignites SHIB Army With New Bullish Tweet
'Rich Dad Poor Dad' Author Reveals His Possible Actions Should Bitcoin Crash
Is Shiba Inu Getting Ready for Death Cross? Critical Cardano Breakdown, Next Bitcoin (BTC) Support Level Revealed
Monster Bitcoin (BTC) Purchase Mystifies Community
Fidelity Surpasses BlackRock and Other ETFs by Daily Bitcoin Inflows Today
Nvidia Surpasses Entire Crypto Market as AI Hype Picks Up Steam
Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
Our social media
There's a lot to see there, too

Popular articles