October 24, 2019 / 6:03 PM / a month ago

Crypto platform Bakkt to launch options contract for bitcoin futures

(Reuters) - Cryptocurrency platform Bakkt Trust Co LLC said on Thursday it will launch a regulated options contract for bitcoin futures on Dec. 9.

The bitcoin options contract will be based on the benchmark Bakkt Monthly Bitcoin Futures, the company said in a blog post. (bit.ly/2pSK7lr)

Bakkt is an affiliate of Intercontinental Exchange, which also owns the New York Stock Exchange.

Reporting by Abhishek Manikandan in Bengaluru; Editing by Shailesh Kuber

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