Intercontinental Exchange (ICE) confirmed its Bakkt cryptocurrency platform’s first offering will take the form of physical Bitcoin futures. ICE, which also operates the New York Stock Exchange (NYSE) released new details Tuesday, September 25.
Bakkt, which ICE has said will be a “regulated ecosystem” for institutional investors aiming to get exposure to cryptocurrency, will offer futures against at least three fiat currencies: the U.S. dollar, British pound sterling and euro.
“Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR,” the company wrote on Twitter.
“For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account.”
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>> https://cointelegraph.com/news/ices-bakkt-reveals-first-crypto-product-as-physical-bitcoin-futures
