Bakkt To Launch Options Tied to BTC Before CME | News

Intercontinental Exchange, the operator of the New York Stock Exchange and the company behind derivatives platform Bakkt, intends to launch an additional derivative product tied to the bitcoin market, The Block reported yesterday citing several sources.

The derivatives platform, which in September rolled out physically-settled bitcoin futures, now wants to add a new derivative product, and what is more, it plans to do it before Chicago Mercantile Exchange (CME), which in September reported it intends to launch bitcoin options in early 2020.

Tim McCourt, CME’s head of alternative investment products, has recently said the company’s upcoming bitcoin options are expected to attract a high demand from Asian traders and miners.

Heath Tarbert, chairman of the US Commodity Futures Trading…

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