#CryptoCorner: Bakkt (NYSE: $ICE) Launches Options and Cash-Settled Futures, OKEx to Launch Options Trading, Riot #Blockchain (NasdaqCM: $RIOT) Announces Purchases and Upgrades
#CryptoCorner: Bakkt
(NYSE: $ICE) Launches Options and Cash-Settled Futures, OKEx to Launch Options
Trading, Riot #Blockchain (NasdaqCM: $RIOT) Announces Purchases and Upgrades
Point Roberts, WA, Delta BC December 9,
2019 - Investorideas.com, a leader in crypto and blockchain investing news
brings you today’s edition of the Crypto Corner podcast and commentary on
what’s driving the cryptocurrency market .
Listen
to today’s Crypto Corner Podcast:
Stocks discussed: (NYSE:ICE) (NasdaqCM:RIOT)
Bakkt, the crypto
arm of Intercontinental Exchange (NYSE:ICE), has officially
launched Bitcoin (BTC) options and
cash-settled futures contracts, according to a blog
post
today from company COO Adam White. An excerpt reads:
At Bakkt, our mission is to bring trust and utility to
digital assets. These new contracts represent an important milestone in the
development of this emerging asset class and our bitcoin product complex.
Backed by the strong support and commitment of the Intercontinental Exchange team,
we have great momentum going into 2020 and an exciting product roadmap that
includes new trading products, an expanded custody offering, an innovative
consumer payments app, and more.
According to a
report from CoinDesk, Malta-based
crypto exchange OKEx has announced that it is debuting simulated options
trading on December 12 with trading set to begin on December 27. Company CEO
Jay Hao commented:
“Options is a unique instrument that enable traders to
manage, price and hedge the volatility of crypto assets with a combination of
option contracts. As the crypto market evolves, we aim to build a complete
derivatives product suite, delivering solutions to optimize users’ trading
strategies. OKEx Options is a major step towards this goal.”
The People’s Bank
of China is positioned to pilot its digital currency, according to local outlet
Caijing. The pilots will
involve four of the country’s largest banks as well as telecom companies, and
will take place in the cities of Shenzhen and Suzhou. An excerpt from the
report reads:
Compared with the previous pilot, this time the central
bank's legal digital currency pilot will go out of the central bank system and
enter real service scenarios such as transportation, education, and medical
treatment, reaching C-end users and generating frequent applications.
Riot Blockchain,
Inc. (NasdaqCM:RIOT) last week announced the purchase of
3,000 next generation Bitmain S17 Pro Antminers for approximately USD $5
million from BitmainTech PTE. LTD. An excerpt from the press release reads:
The Board of Directors and Management of Riot are very
pleased to be in a position from a financial point of view to take advantage of
this exciting new technology at a time when the manufacturer has recently
significantly reduced the cost of the miners. While cryptocurrency mining
continues to have challenges, including price volatility of Bitcoin, the
opportunity to acquire significant additional net hashrate capacity on a very
cost-effective basis was determined to be compelling.
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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