The cryptocurrency trading platform will launch the first regulated option contracts for bitcoin on December 9.
The company has informed that these contracts will be based on Bakkt's monthly futures, which started trading in September.
Bakkt CEO Kelly Loeffler has said the company has decided to launch this new investment instrument in response to "customer feedback and is designed to hedge or gain bitcoin exposure, generate income, and offer cost and capital efficiencies." She added:
"Bakkt Monthly Bitcoin Futures contract and represents another important step in developing this asset class for institutional investors, their customers and investors."
One of the main features of this new investment tool is that they are European style options, which unlike American options, cannot executed before the expiration date.
Unlike Bakkt bitcoin futures, option contracts will allow platform customers to receive payments in fiat money in addition to cryptocurrencies.
The Chicago Mercantile Exchange (CME) has recently announced it plans to launch bitcoin options during the first quarter of 2020.
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