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Bakkt’s physically settled BTC contracts has seen larger open interest for May expiry in comparison to CME’s cash-settled ones as institutional interest in the crypto market is on a surge.Intercontinental Exchange’s (ICE) digital asset platform Bakkt is making much faster inroads in the Bitcoin Futures market. With the rising institutional
Read MoreChicago Mercantile Exchange's, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC). "So far, clients have expressed a clear preference and priority for a cash-settled product," McCourt told Cryptox in an email when asked
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French asset management firm Napoleon AM has launched a new fund tied to CME's cash-settled bitcoin futures. Source
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Bakkt, the Bitcoin (BTC) trading platform geared toward institutional investors on December 9, 2019, announced that it had launched two new digital currency products – Bakkt Bitcoin Monthly Options, and Bakkt Bitcoin (USD) Cash Settled Futures. Expanding the Crypto Product Catalogue Intercontinental Exchange’s (ICE) Bakkt said on December 9 that it will
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As Bakkt has announced in its blog post, Bitcoin monthly options and cash-settled futures are now available.The recent post provides more details on these new offerings.Bakkt Bitcoin (USD) monthly options are based on the benchmark Bakkt Bitcoin (USD) Monthly Futures contract. It is the first CFTC regulated product of this kind.
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The blog post compared Intercontinental Exchange’s bitcoin ambitions to those of its Brent Crude Oil Futures. The company launched a number of swaps, options and futures contracts based on the crude oil product, and hopes to follow “a similar playbook” to grow its bitcoin-related products. Source
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Bitcoin (BTC) educator Andreas Antonopoulos says that while futures markets may indeed place a damper on the cryptocurrency’s price, the stakes are different to what you might think.In a Nov. 27 interview with YouTuber “Ivan on Tech,” Antonopoulos argued against the grain of commonplace fears about the adverse price
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Blockchain activists used to praise Bakkt for introducing Bitcoin-settled futures. From the “OG” standpoint, any Bitcoin-alike asset looks somewhat shady if it is not backed by a government or a company with astronomical budgets and shiny names in the board of directors.But “Bitcoin free” trading is considered normal among many
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The cryptocurrency industry has come a long way from the days when it used to be tough for people to buy tokens online and hence, the emergence of Bitcoin futures did not come as a massive surprise for most market watchers. So what does newly-created crypto exchange Bakkt have in
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The Intercontinental Exchange (ICE)’s Bakkt platform has officially confirmed its forthcoming launch of a cash-settled Bitcoin (BTC) futures contract.In a news release published Nov. 22, ICE — the operator of 23 leading global exchanges, including the New York Stock Exchange — revealed that the contract will be listed on
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