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Bakkt is looking to beat CME to the punch on options tied to bitcoin

Quick Take

  • Bakkt is looking to get into the bitcoin options business
  • It wants to beat its rival CME, which is eyeing a 1Q20 launch for its own bitcoin option contract
Intercontinental Exchange’s cryptocurrency venture Bakkt is eyeing the launch of an additional derivative tied to the bitcoin market, according to several sources with knowledge of the firm’s product roadmap.  Bakkt, which launched its long-awaited contract for physically delivered bitcoin futures in September, is aiming to add bitcoin options to its product suite, according to sources. […]

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