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In mid-September, the foreign exchange company CME Group announced the launch of options on its bitcoin futures contracts in Q1 2020, pending regulatory review. CME Group executive Tim McCourt said there was “increasing client demand” for the firm’s bitcoin derivatives and now the company has published specifications for the options products. Also Read: French Ministry … Read more
Despite slow progress, analysts such as Omar Bham are bullish about Bakkt’s impact on the industry: “BAKKT will continue to become an institutional household name” Go to Source Powered by WPeMatico
Crypto’s most recent bull run began last Friday, October 25, after a significant plunge in prices just days earlier that had some prognosticators worried about a return to late 2018 and early 2019’s bleak crypto winter. Since the recent spike, prices have held relatively steady, suggesting this rally is not just a flash in the … Read more
Following the all-time record of 1,179 contracts on October 25, Mike Blandina, Bakkt’s chief product officer, revealed the firm is launching another strategy after announcing its December options launch. Bakkt is releasing a consumer application so retail investors can “unlock the value of digital assets” via consumer payments. Also read: Cred to Demo Global Merchant … Read more
Bakkt plans consumer payments app for 2020 launch with Starbucks as the first major retailer Go to Source Powered by WPeMatico
China blockchain hype sees Bakkt Bitcoin surge Go to Source Powered by WPeMatico
On October 23, Bakkt’s physically-settled bitcoin futures contracts touched an all-time high with 640 BTC ($4.8 million) swapped on the exchange. Coincidentally, the futures action started after BTC prices plummeted to $7,365 across global exchanges. After the record-setting day, Bakkt CEO Kelly Loeffler revealed the trading platform will offer options on bitcoin futures this December. … Read more
In an industry first, Bakkt has announced it will be launching the first regulated options contract for Bitcoin futures on December 9 Go to Source Powered by WPeMatico
Bitcoin futures volumes on Bakkt have hit a new all-time high, with over 450 BTC futures contracts traded today Go to Source Powered by WPeMatico
Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform has seen an increase in interest with the company’s physically-settled bitcoin futures product. Also read: Honestnode Founder … Read more