Tag Archives: bitcoin futures

ICE‘s Bakkt platform has finally announced its Bitcoin Futures contracts going live today, September 23. Bakkt‘s Bitcoin Futures launch comes as per its earlier announced schedule after the U.S. Commodities and Futures Trading Commission (CFTC) gave the exchange a green signal last month.We’re live!The first Bakkt Bitcoin Futures trade was executed at 8:02pm ET at a price of $10,115— Bakkt (@Bakkt) September 23, 2019As part of the announcement, Bakkt provides two contracts – Bitcoin Daily...

Photo: ShutterstockLet’s investigate. To encourage the participation of institutions in Bitcoin, in 2018, Bakkt announced their plans to address such well-known issues as AML/KYC, security breaches, lack of regulation, a volatile asset price, etc.Now, with fraudulent trading gapped and collateral in place, Bakkt is ready to launch since they have received all the regulatory approvals needed.Time will tell if Bakkt will be able to tackle all the challenges that arise when working with a new...

Futures exchange operator CME group has announced that it plans to begin offering bitcoin futures contracts starting in early 2020. Futures were originally launched at the end of 2017. At press time, more than 3,000 people are trading futures and approximately 20 successful expiration dates have occurred since their integration. Bitcoin Futures Are All the Rage… Right?Tim McCourt, global head of equity index and alternative investment products at CME says: These new products are designed to...

Only a few days remain before the launch of the long-awaited and much anticipated Bakkt trading platform, which will bring large institutional investors to the Bitcoin market. It may sound unfeasible, but Bitcoin price is expected to reach $100,000 in the coming years, and much of the next bull run will be driven by Bakkt.What is Bakkt?The Bakkt cryptocurrency platform was created by ICE, a transcontinental operator of the largest futures exchanges and clearing houses for financial and...

Derivatives marketplace CME Group announced on Friday that, starting next year, it will offer options on its Bitcoin futures contracts. The company launched its futures product back in December 2017, at the same time as the Chicago Board Options Exchange (CBOE) did the same.In its announcement today, CME said that this step is made in order to provide clients with “additional tools for precision hedging and trading.” The launch is still pending regulatory review.Tim McCourt, CME Group global...

Crypto enthusiasts are almost always in a perpetual waiting state, in the hope that the market will pick up and keep on rallying, even when data is already bullish. In the past, there have been several factors named as important to Bitcoin price surge or pullback depending on the specific period. Today, the most anticipated event in the cryptosphere, which is also a major factor in the possible chance of a Bitcoin rally, is the launch of Bakkt.The Bakkt launch is only a few days away and with...

On Sept. 19, the Committee on Financial Services came to an agreement that the topic, “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat,” would be the topic of discussion and Sept. 24 was chosen as the D-day, which is, just for a reminder, the day after Bakkt launch.This hearing will consist of the chairman of the SEC, Jay Clayton, Commissioner Hester Pierce, who is also known as Crypto Mom, and three other commissioners.Will Libra Make It Into the List of...

The Chicago Board Options Exchange’s (CBOE) BZX Exchange has withdrawn the proposed rule change in the Bitcoin ETF proposal issued by the VanEck/SolidX Bitcoin Trust. The SEC notice on Tuesday, September 17 states that CBOE decided to withdraw its proposal last week on September 13.The VanEck SolidX Trust filed for the Bitcoin exchange-traded-fund (ETF) with the SEC earlier this year on January 30. Nearly after a month on February 20, 2019, the Federal Register published the filing.Over the...

The United States Commodity Futures Trading Commission (CFTC) has welcomed a new member to its team. They have appointed Dorothy D. DeWitt, General Counsel of Coinbase‘s Business Lines and Markets and the vice president, as the director of the Division of Market Oversight (DMO).According to the CFTC’s announcement, at CFTC, Dorothy D. DeWitt will be responsible for supervision of derivatives platforms and swap data repositories, as well as evaluating new platform-traded products. Ms. DeWitt...

Many industry experts are now speculating on Bitcoin price as the top cryptocurrency has been trading sideways for quite a while after climbing more than 200% this year. The huge price increase from $3,300 to $13,000 has left everyone wondering – which way Bitcoin is heading now?It seems like everyone is waiting for something to happen, but nothing is happening. Just recently, experts claimed that Bitcoin failed to go past one of the essential resistance points at $10,500 and now could be...