Details of First Physical Delivered BTC Futures Revealed, Bakkt Sets User Test Date
摘要： Bakkt’s monthly and daily BTC futures will have a minimum price fluctuation of $2.5 per Bitcoin. Each contract contains one BTC and can be executed at $0.01 per Bitcoin.
June 14 (ChainDD) Bakkt, the digital assets trading platform of New York Stock Exchange (NYSE)’s parent Intercontinental Exchange (ICE), will initiate user acceptance testing for its Bitcoin futures listed and traded at ICE Futures US and cleared at ICE Clear US on July 22, two days after Apollo 11’s 50th anniversary, Adam White, chief operating officer of Bakkt, announced on June 13.
Intending to compare the test to Apollo 11’s record-making human landing on the moon, White said the test is no small step and the launch will “usher in a new standard for accessing crypto markets”. But he didn’t disclose the specific date of listing the Bitcoin futures.
According to White’s announcement, Bakkt recently announced it will support the ICE Futures U.S. launch of daily and monthly margined futures for Bitcoin (BTC) by bringing regulated custody as part of the futures contract.
In the meantime, ICE updated details of Bakkt’s monthly and daily BTC futures: both of the contracts will have a minimum price fluctuation of $2.5 per Bitcoin. Each contract contains one BTC and can be executed at $0.01 per Bitcoin. The monthly contract has a listing cycle that can last for as long as 12 months while the daily contract will list up to 70 consecutive eligible contract date. The final settlement of these contracts will be at Bakkt Warehouse and the delivery location is also there.
Per ChainDD’s previous news, the current Bitcoin future contracts traded on two leading futures exchanges CME Group and Cboe are all cash settled. Bakkt plans to launch the first physically settled Bitcoin futures that settled by Bitcoin itself. Bakkt was originally scheduled to list its Bitcoin product in last December and is still waiting for regulatory approval till now.