Bakkt to launch bitcoin options contracts

On December 9th, Bakkt will be launching the first regulated options contract for bitcoin ($BTC) futures. The contract is European style meaning it can not be exercised before the maturity date and will allow trades to be closed out in cash or bitcoin.

Why it matters:

• Derivative products are important tools for interested parties to hedge any unwanted exposure to bitcoin, and a robust options market greatly expands hedging capabilities.
• While bitcoin futures markets have existed for almost two years, the introduction of options presents investors with another means to gain exposure to this asset through familiar channels, without having to worry about custody.

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