The best regulated crypto exchange
Find out why?
A Win-Win
Referral Programme
Refer a friend to Currency.com and get a two-way bonus
Learn more

New York Stock Exchange owner launches Bitcoin futures contract

By Ramla Soni

The owner of the New York Stock Exchange, Intercontinental Exchange (ICE), has launched its Bitcoin (BTC) futures contracts, in a move aimed at attracting investors who have hesitated about trading the cryptocurrency, according to CNBC.

New York Stock Exchange owner launches Bitcoin futures contract

The first trade in the new contracts were executed on ICE’s futures exchange at a price of $10,115, Bakkt, the firm behind the contracts, said in a Twitter post.

Bakkt is an ICE-backed venture which aims to make trading and paying with cryptocurrencies viable for retail and institutional investors.

The futures are physically deliverable, which means they will pay out in bitcoin upon settlement.

According to ICE’s website, investors will be able to trade in daily or monthly futures. Bakkt, which partnered with ICE to launch the derivatives, also counts Microsoft venture arm M12 and Boston Consulting Group as investors.

The company teamed up with coffee chain Starbucks last year to allow people and institutions to buy, sell, store and send cryptocurrencies.

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a Currency.com contributor.
Subscribe to Currency.com news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image