A little more than a month after launch, contracts options on bitcoin on the platform digital asset Intercontinental exchange Bakkt demonstrate weak activity.
According to the latest available reports of 24 and 27 January, from the time of the last transaction it has been 11 days.
Bakkt launched their new contract for options BTC in early December, shortly after in November it sold cash futures bitcoin (BTC).
Options are derivative instruments designed in order to provide traders with an additional opportunity to hedge against volatility of the asset price in either direction: thus the option contract offers them the opportunity to acquire or right to buy (call option) or sell (put option) a certain asset at a certain price, with a clear date or until the expiration of the term of the contract.
As the contract for options and futures with cash settlement appeared due to the physically delivered contract Bakkt Bitcoin (USD), which is already in force and is the monthly futures product, which was the first in this field have provided futures traders with direct access to the main cryptocurrency.
Futures contract from a physical support in the first days showed high volumes, it was even compared to fixed bitcoin futures on CME that was first released on the market in December 2017.
However, the demand for the product, ultimately, increased price volatility in the spot bitcoin the market at that time (late October-November 2019).
Bakkt in addition, other market participants, including cryptocurrency exchanges from Malta OKEx and CME, are planning this year to launch the contract on bitcoin options.