The approximate start date of trading in Bakkt non-deliverable bitcoin futures has been announced
According to the publication, new contracts, subject to final approval, will pass listing on exchange ICE Futures Singapore December 9, 2019 of the year and will be be cleared through the infrastructure of ICE Clear Singapore, a regulated division of the Monetary Authority of ICE.
Bakkt’s new futures will be settled according to price already existing contracts, the launch of which was carried out in September in New York, but, in contrast from them will allow investors receive payments exclusively in traditional currency.
“Our new traditional currency-based futures contracts will offer investors in Asia and in a convenient, capital-saving way around the world receiving access to hedging on markets bitcoin, – stated Lucas Schmeddes, President of ICE Futures Singapore and ICE Clear Singapore. – Building on the success of our deliverable futures contracts, traditional currency settled futures leverage the regulated, globally available ICE market to to provide safe and legal environment for trade bitcoin “.
As with existing futures, one Bakkt non-deliverable contract will be match 1 BTC. When this about launch new futures with daily settlements, the delivery version of which was not in demand clients, company in the present time does not speak.