Bakkt Bitcoin Cash Settled Monthly Futures will be settled against physically delivered Bakkt Bitcoin (USD) Monthly Futures contract from December 9, 2019. The Intercontinental Exchange will roll out two trading options Bitcoin (USD) Options and Bitcoin (USD) Cash Settled Monthly Futures. Bakkt will be big for being the first platform to offer futures settled in actual Bitcoin. Moreover, Users will be able to trade on two new markets on the platform.
Incidentally, Bakkt’s biggest competitor, the Chicago Mercantile Exchange (CME), is also launching Bitcoin options on Jan. 13.