Bakkt in Discussions to Offer Cash-Settled Bitcoin Futures in Singapore

Bitcoin futures market Bakkt intends to expand from its current physically-settled offerings to cash-settled futures before 2020. Bakkt COO Adam White announced Tuesday during CoinDesk’s Invest: NYC conference that the Intercontinental Exchange (ICE) subsidiary is working on adding the product. “We have the intention of offering a cash-settled contract as well,” White said. According to […]

Continue Reading

Bakkt COO Opens Door to Retail Investors in Newly Launched Bitcoin Futures

Well, that was a bit anticlimactic. After two years of work and more than a year of hype and regulatory delays, the Bakkt bitcoin futures market had a lackluster first day of trading. When the session closed at 22:00 UTC Monday, only two daily futures contracts and 71 monthly futures contracts had traded on the new platform, […]

Continue Reading

CME Seeks to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC

The Chicago Mercantile Exchange (CME Group) wants to let bitcoin futures traders hold a greater number of open positions at one time. CME announced its intention to increase in the so-called spot month position limit for its bitcoin futures contracts in a letter to the U.S. Commodity Futures Trading Commission (CFTC) Thursday. The limit would […]

Continue Reading

Senior CFTC Official Who Set Bitcoin Futures Policy Is Leaving: Report

The U.S. Commodity Futures Trading Commission (CFTC) is losing another senior level staffer. Bloomberg Law reports Friday that a number of sources have said Amir Zaidi, director of the CFTC’s Division of Market Oversight (DMO), is to leave the regulator within weeks. Zaidi had been in the post since early in 2017 and was the official responsible […]

Continue Reading

When Bakkt? Bitcoin Futures Market’s Approval Appears Stuck in Limbo

Bakkt was first announced in early August as a bitcoin trading and custody platform, but its launch has been repeatedly delayed It has submitted a proposal to the CFTC, asking for an exemption which would allow it to custody the bitcoin it uses to settle its futures contracts. While CFTC Commissioners were reportedly given the […]

Continue Reading

Futures Industry Association Blasts New Bitcoin Derivatives

Days after CME Group and the CBOE announced their bitcoin futures contracts launch dates, U.S. clearinghouses are expressing concerns over how these products were developed. In an open letter to the Commodity Futures Trading Commission (CFTC), Futures Industry Association (FIA) chief executive Walt Lukken said members of the organization are worried about their exposure to […]

Continue Reading