Billie Grace Ward / Flickr
Binance

Bakkt, the new crypto exchange venture backed by Intercontinental Exchange (ICE), the parent of the NYSE, has announced the launch date for its long-awaited Bitcoin (BTC) futures trading product.

According to a recent notice published on Intercontinental Exchange’s website, USD-based futures trading will begin on December 12. These contracts will be physically settled and will be cleared by ICE Clear US, Inc.

This news comes after last month’s announcement that the initial launch would include GBP and EUR trading pairs, but the latest notice refers only to USD products.

“Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR,” Bakkt¬†wrote on¬†Twitter.

According to the notice, Bakkt will be charging a $1.00 combined exchange and clearing fee per side, with a minimum price movement of $2.50 per contract.

As we previously reported, Bakkt will not allow Bitcoin margin trading on its platform but instead will assure that each transaction is fully collateralized.

The full notice can be read here:
Intercontinental Exchange
Related: Upcoming Exchange Bakkt Reveals Its First Product: Physical Bitcoin Futures
Photo: Billie Grace Ward / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager

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