The Bakkt exchange has launched its newest product, options on Bitcoin (BTC) futures. The derivative product offers a new way to get exposed to the risk of BTC price fluctuations, based on the futures market.
The fully regulated Bitcoin options launch together with cash-settled futures, another product of the ICE (NYSE:ICE).
The Bakkt options offer a market that is completely removed from the BTC spot market, with a new price discovery mechanism.
“Price discovery occurs completely within a federally regulated market and has no exposure to unregulated bitcoin spot markets. The Bakkt Bitcoin Options offer important hedging, trading and income generating op...