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Bakkt futures are making a move into Singapore

Bakkt futures are making a move into Singapore
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

It has been noted that Bakkt is launching its Singapore-listed bitcoin futures contracts on 9th December.

It was a slow start for Bakkt futures on the ICE exchange but things have picked up and expansion is on the cards.

There has also been talk of an options contract and it would be welcome news to institutional traders.

Our new cash settled futures contract will offer investors in Asia and around the world a convenient, capital efficient way to gain or hedge exposure in bitcoin markets

Lucas Schmeddes, president and COO of ICE Futures and Clear Singapore.

In the same announcement, the ICE subsidiary also revealed that it would “launch the first regulated options contract for bitcoin futures,” also on the same date.

The industry is in need of some good news today as the price of BTC/USD crashed below 7K today, hitting a low of 6,775.47.

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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