Cryptocurrencies
Bitcoin Falls as Futures Exchange Makes Its Trading Debut
- ICE offers first U.S. contract to settle in actual Bitcoin
- Bakkt data shows that 38 one-day contracts issued so far
A laptop computer branded with bitcoin logos in Paris, France.
Photographer: Chritophe Morin/Bloomberg
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The first Bitcoin futures contracts that settle in the digital currency debuted Monday in thin trading, starting a new chapter in the coin’s tumultuous 10-year history.
As of 11 a.m. in New York, 38 of the futures contracts offered on the Intercontinental Exchange Inc.’s Bakkt platform had changed hands. The price of Bitcoin slumped 2.4% to $9,892.