Bakkt is a subsidiary of the Intercontinental Exchange (ICE). It has just planned to launch its first regulated options contract for bitcoin futures on December 9. This was announced on a Medium post on October 24th. According to the report, the option contract would be hinged on Bakkt Monthly Bitcoin Futures contract. Bakkt is ready to bring trust and utility to digital assets through this development of options contracts for a regulated market.
According to the news, Bakkt noted that the new contract is based on customer recommendations and is patterned or structured to grab bitcoin exposure, generate income, and offer capital and cost efficiencies.