Crypto News

Media: Bakkt will overtake the CME in the launch options on bitcoin

Cryptopleura Bakkt intends to adopt the Chicago Mercantile exchange (CME Group) the superiority in the bitcoin startup options. About it with reference to received from insider information, writes The Block.

We will remind, at the moment both platforms – Bakkt and CME are trading bitcoin futures. Despite their technical differences, many members of the crypto community compares the level of trading at both sites. The results indicate large demand for a financial instrument CME.

That Chicago Mercantile exchange wants to launch trading bitcoin options , it became known on September 20. Estimated start time thus marked the beginning of 2020. When the team Bakkt intends to launch the auction is unknown. It is noteworthy that at the moment there are no intentions of the platform about the launch of bitcoin options trading.

Feature of futures is the ability to work in a format that involves a one to one ratio for the requirements and assets. So, bitcoin exchange rate, which in this case is converted to a dollar value (on the contract). Options, in turn, provide access to the different price levels of the contract. Advanced financial tool allows you to organize protection from falling and rising base prices of the selected asset.

Recall that the launch of the platform Bakkt took place on 23 September. Since the opening of the platform, bitcoin is much cheaper. What other changes are observed in the market of digital assets with the launch of trading on the Bakkt, CryptoFound told
the expert.

Source:cryptofound.com
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