April 21, 2024

Bakkt will get ahead of CME in launching bitcoin options

Bakkt will get ahead of CME in launching bitcoin options

The Bakkt platform has announced the launch of new Bitcoin options contracts, which will besold in the openmarket since December 9th.

In less than 2 months Bakkt will bypass CME Groupand will become the “first exchange in the industry” to offer options on futures contracts. CME recently announced that it will launch a similar product in early 2020.

The platform's management also stated that it will not charge trading commissions on the platform until January 2020. 

Bakkt Steel Bitcoin Futures (BTC)available in September of this year. The crypto community expected a surge in institutional activity that would lead the MTC market to a new bull run. However, sales were low and did not live up to expectations of increased interest in the new product.

However, it is worth noting that in recent daysBakkt futures trading volume is steadily growing. On October 23, the total daily trading volume reached $ 4.8 million, which is 653% more than the total trading volume of the previous nine days.