On Dec 9th, they start:

· Cash or physical settlement: Options will settle into Bakkt’s monthly bitcoin futures contract with time to roll, close out positions or take physical delivery

“Cash” settlement doesn’t scare you? It should if you know what it means. Bakkt was all about “Physical” settlement, and thats why so many waited for it to come to the ‘Rescue’, but there’s no ‘rescue’ from an entity owned/backed by CME & ICE.

https://medium.com/bakkt-blog/bakkt-bitcoin-options-on-futures-to-launch-december-9-an-industry-first-8fb2bd686abb



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.