The long-Awaited platform of ICE has provided new information on their futures contracts , the launch of which was scheduled for January 24. As promised, the exchange will provide the opportunity to buy physical delivery of BTC and guide efforts at providing the best regulatory conditions in connection with the pricing of Bitcoin. The contracts will be traded in the direction BTC/USD with the use of this electronic trading platform ICE. However, the project Bakkt still awaiting the approval of the regulator.
ICE decided to shed light on some details about the long-awaited new product for the site Bakkt. As expected, the company will become a universal stock market and provide relative pricing regulation of Bitcoin. In the beginning the staff will offer one-day futures contracts on the Bitcoin physical delivery of the asset.
According to the market specifications, the product Bitcoin futures will be called Bakkt BTC (USD) Daily Future. The price of each contract will be 1 BTC. While courses are quoted in USD with the price with two decimal places. It is worth noting that the daily limit is placed on the position limit will be 100 thousand items.
Trading on the platform Bakkt start from 20:00 to 18:00, with pre-opening at 19:55. Meanwhile, the daily settlement is scheduled between 16:58 until 17:00. To monitor the delivery of the calculation of these futures contracts will be used adjustable custodian service called Bakkt Warehouse.
In addition, the platform Bakkt continues to hire experienced employees, which should help the company realize its vision of a fully regulated Bitcoin platform.
The More data you look at . Recall that the current rate of coins can be found in our classroom .
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