Tag Archives: bitcoin futures

Bitcoin options are the institutional game with big people making big bets. At least this is how they present the product, but in reality, the options trading may be a risky venture with no predictable outcomes with very few users trying it out.Do you remember all those ‘Bakkt Rekkt’ memes wandering around smart Telegram channels? When Bakkt started its first product, nobody believed that it will succeed. However, the volume soared in the next couple of months, leading to the predictions that...

Bakkt, the Bitcoin Futures trading platform for institutions, had caused a lot of positive noise before its actual launch in mid-2019.The platform is backed by ICE, and since its launch, there is a constant growth in its daily reported traded volume. It had crossed the benchmark of 6,000 delivered Bakkt Bitcoin Futures. Those are contracts traded at ICE Futures US.Earlier today, during a closed Bakkt event in Tel Aviv attended by CryptoPotato, President Adam White discussed the current state...

Bitcoin (BTC) futures options trading is now live on the Chicago Mercantile Exchange – CME. The offering went live yesterday Jan. 13 and began trading after it successfully got approval from regulatory authorities. The CME Group announced this on its website as trading went live. According to the page, Bitcoin futures options were created to satisfy customers’ yearnings. It says it was done “in response to growing interest in cryptocurrencies and customer demand for tools to manage Bitcoin...

It seems that traditional institutions are finally realizing that no-can-do without cryptocurrencies anymore. If we look at the market movements, there is huge impatience for the launch of CME Group Inc. options that should happen today.It is interesting because it is not the first of a kind. Bakkt that is under New York Stock Exchange parent Intercontinental Exchange Inc. began with the work in December last year. Moreover, as we have recently reported, yesterday FTX crypto derivatives...

FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. The announcement came in a tweet posted on Saturday from FTX CEO Bankman-Fried.Options are live!https://t.co/B85lrLVDQO— SBF (@SBF_Alameda) January 12, 2020The announcement did not include any specific details about the offering, only that its Bitcoin options. However, in another tweet just about two hours later, the CEO said the platform had hit $1m in volume, since the launch.FTX Bitcoin OptionsEven as...

The United States Commodity Futures Trading Commission (CFTC) has previously allowed several crypto derivatives products to enter the market. In that context, CME Group, which offers Bitcoin futures, plans to launch options on BTC futures on January 13, 2020.While responding to the growing interest in cryptos and customer demand for tools to manage Bitcoin exposure, CME Group decided to launch options on BTC futures. As we highlighted earlier, the firm officially confirmed this launch last...

Kelly Loeffler, the former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, will be joining the committee that looks upon the Commodity Futures Trading Commission (CFTC). However, that increased the worries of a possible conflict of interest. In a Jan. 6 tweet, Loeffler said she has sworn into the United States Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.It's official! What an honor to serve our great state in the...

OKEx crypto exchange officially announced the launch of Bitcoin options trading for a chosen few clients. This has happened ahead of a public launch on January 9, 2020. In a December 26 press release, the third-largest crypto exchange by daily trading volume worldwide has confirmed that the new contract will be settled daily in Bitcoin.Increasing Hedging Strategies Options for OKEx TradersAn options contract is a popular derivative that lets traders hedge against asset price swings in all...

Bitcoin Asset manager claims most firms looking to speculate on bitcoin will use derivatives market instead of the underlying asset. The market share of physical oil compared to oil derivatives plummeted when futures trading was introduced. ‘Financialization’ of bitcoin will distort its innate pricing mechanism. Don’t count on a halving pump in 2020. The tendency for bitcoin to multiply in value following regularly scheduled halving events should not be relied on in 2020.That’s according to...

Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has recently appointed a new CEO as Kelly Loeffler stepped down. The former CPO of the company, Mike Blandina, will take her role, and, at the same time, the former COO, Adam White, will serve as President.New CEO and President of BakktBakkt has recently announced a change of leadership within the company, starting from December 20th. The Bitcoin Futures trading platform of the Intercontinental Exchange (ICE)...