July 21, 2024

Bakkt Launches Two New Trading Options

Bakkt Launches Two New Trading Options

On December 9, the Bakkt exchange launched two new trading services: Bitcoin (USD) options and settled futuresBitcoin contracts.

Last month, the Bakkt platform announced plans to offer cash-settled Bitcoin futures contracts, rather than just a physical-based product. 

Following Bakkt's announcement of two new servicesmost members of the crypto community expressed their skepticism about them, suggesting that these cash-settled options are responsible for manipulating markets and artificially lowering prices.

However, it is still unclear whether futuresmarkets are responsible for the BTC price crash in 2018. Despite all the accusations, futures trading remains popular, with overall contract trading volume increasing significantly in 2019. CME only trades bills, but Bakkt offers a wider range of services.