There are also institutional fund managers and brokers calling us to say that they want to trade bitcoin futures,” she adds. “Our clients will trade bitcoin futures contracts on ICE Futures US and those transactions will be cleared on ICE Clear US. Differences between Bakkt’s and CME’s bitcoin futures contractsThe physically delivered feature of Bakkt’s bitcoin futures contracts is one of the main things that differentiates these from those of CME, says Ilkiw. She adds that CME’s bitcoin futures contracts is a cash-settled product, where the sellers are not required to deliver bitcoin to buyers on settlement dates. Ilkiw points out that these approvals are what differentiates its bitcoin futures contracts from those offered by other exchanges.

Source: The Edge Markets October 13, 2019 03:33 UTC