Bakkt in Discussions to Offer Cash-Settled Bitcoin Futures in Singapore
Bakkt aims to offer cash-settled bitcoin futures before 2020 to complement its physically settled contracts.
It is unclear who will helm Bakkt after CEO Kelly Loeffler joins the U.S. Senate on Jan. 1.
Crypto custodian Bakkt’s chief executive Kelly Loeffler has reportedly been picked by Governor Brian Kemp to serve in the U.S. Senate until the special election in November 2020.
Bakkt’s new options and cash-settled bitcoin futures products have just gone live, joining its three-month-old physical futures contracts.
Bakkt, the bitcoin subsidiary of NYSE owner ICE, has announced the launch date and specs for its Singapore-listed, cash-delivered bitcoin futures.
Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds.