Bakkt Plans First Regulated Options Contracts on Bitcoin Futures

ICE unit wants to roll out contacts on Dec. 9, ahead of CME
Record one-month futures changed hands Wednesday on Bakkt

A sign reading "Bitcoin Accepted Here" is displayed next to a cash register in Tokyo.Photographer: Yuriko Nakao/Bloomberg

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By Olga Kharif

October 24, 2019 at 4:02 PM UTC

This article is for subscribers only.

Intercontinental Exchange Inc., the parent of the New York Stock Exchange, is doubling down on cryptocurrency derivatives with a plan to offer options on its Bitcoin futures contracts.

The options will be available Dec. 9 on the Bakkt digital-asset trading platform, a consortium that ICE is a member. The contracts are designed to let institutional investors hedge or gain Bitcoin exposure. They’ll settle into the Bakkt’s monthly futures that were launched in September, the company said in a post.