Bakkt Announces Physically Delivered Bitcoin Futures Contracts In USD, GBP And EUR

Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), has announced that its newly formed digital asset platform Bakkt will offer physically delivered Bitcoin Futures contract in three different currencies (USD, GBP and EUR).

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Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), has announced that its newly formed digital asset platform Bakkt will offer physically delivered Bitcoin Futures contract in three different currencies (USD, GBP and EUR).

Unlike existing Bitcoin future contracts by CME and Cboe, which are cash-settled (no actual cryptocurrency is ever exchanged), Bakkt Bitcoin Futures will deliver actual Bitcoin at expiration to the customer’s account.

This is a major milestone for the industry and many believe this is even more important news than the acceptance of a Bitcoin ETF.

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