Bakkt fiat-settled Bitcoin futures contract likely to come to the market before January 2020. Bakkt to directly compete with the Chicago-based CME Group’s cash-settled BTC futures contract. Bakkt the first licensed to offer physically-settled Bitcoin futures contract has announced that it will be diving into the cash-settled futures contracts. According to a report by CoinDesk, the product is to be released before the end of 2019. The fiat settled Bitcoin contract will be carried out via the Intercontinental Exchange’s Singapore-based clearinghouse. The COO of Bakkt said that “We have the intention of offering a cash-settled contract as well.” Although the clearinghouse is based in Singapore, users from other countries including the United States will be able to access the service. Following the launch in September, Bakkt Bitcoin futures were treated to a drab start. Besides, the launch was associated with a fall in Bitcoin price. The contract has been gaining traction, however, it cannot match the cash-settled contract by CME Group. Bakkt hopes to start directly competing with its Chicago-based rival supported by the new service. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold sticks to gains near $1,460 ahead of CPI, Powell FX Street 3 years Bakkt fiat-settled Bitcoin futures contract likely to come to the market before January 2020. Bakkt to directly compete with the Chicago-based CME Group's cash-settled BTC futures contract. Bakkt the first licensed to offer physically-settled Bitcoin futures contract has announced that it will be diving into the cash-settled futures contracts. According to a report by CoinDesk, the product is to be released before the end of 2019. The fiat settled Bitcoin contract will be carried out via the Intercontinental Exchange's Singapore-based clearinghouse. The COO of Bakkt said that "We have the intention of offering a cash-settled contract as well." Although the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
