The Bakkt exchange set a date for the launch of a new derivative product, options on Bitcoin (BTC) futures. The derivative is aiming to better offset BTC price fluctuations.
The Bakkt Bitcoin Options Contract will be based on monthly futures contracts.
“The Bakkt Bitcoin Options contract will be based on the benchmark Bakkt Monthly Bitcoin Futures contract and represents another important step in developing this asset class for institutional investors, their customers and investors,” announced Kelly Loeffler, CEO of Bakkt.
The new contract arrives as the Bakkt futur...