\u201cICE Futures U.S. has self-certified the contract with the CFTC and we\u2019re excited to leverage the benchmark futures prices and institutional-grade custody to meet the needs for a regulated options contract.\u201d<\/em><\/p>\nThe announcement comes a day after Bakkt bitcoin futures platform recorded the highest volume of contracts opened at 640 (worth in excess of $4.8 million) up more than 652% over the previous day volume of 85 contracts.<\/p>\n
The increase in volume came on the same day on Wednesday when the price of bitcoin fell close to 10% in hours. This did not go unmentioned in the Thursday announcement. Loeffler said :<\/p>\n
\u201cWe\u2019ve been working closely with market participants to build liquidity, create market transparency and build open interest. Notably, we saw a record 590 contracts of Bakkt Bitcoin Monthly Futures change hands yesterday, October 23. We also completed a milestone with seamless physical deliveries in both our daily and monthly bitcoin futures contracts.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Bakkt, the subsidiary of NYSE parent company Intercontinental Exchange (ICE) will be adding another bitcoin derivative product to its lineup of physically-settled bitcoin futures but this time it is an extension of the futures product.<\/p>\n","protected":false},"author":12,"featured_media":19185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74,9156],"tags":[5020,4607,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/19183"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=19183"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/19183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/19185"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=19183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=19183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=19183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}