ICE Bakkt Big Breakthrough is Offering Physically Delivered Daily Bitcoin Futures
ICE Offers Physically Delivered Daily Bitcoin Futures
Are you interested in investing in Bitcoin futures? Now you have another option to do it. While you could only invest in Bitcoin futures with CBOE and CME before, you have another interesting option now. ICE’s contracts are delivered physically directly to you.
What Are ICE’s Bitcoin Futures?
The Bitcoin Futures offered by the Intercontinental Exchange (ICE) are daily futures contracts that are traded on BTC/USD. They are traded on the electronic platform of the company and are fully regulated by the CFTC and ICE Clearing US. All trades result in physically delivered Bitcoin, which is sent to the house of the owner. Only accredited investors can participate.
The trading screen hub name of the futures is ICUS and the trading hours are between 8 pm to 6 pm EPT. Each contract has the size of 1 BTC and there is no daily price limit.
Is It A Good Idea to Invest In These Bitcoin Futures?
If you are interested in Bitcoin futures, you can pretty much consider this to be a good idea. ICE is a very respectable company, so you can definitely trust the company. Investing in Bitcoin futures, however, can be somewhat more complicated especially because the price of Bitcoin is very volatile right now and the bear market is strong.
The Intercontinental Exchange started out in 2000 to transform energy markets and has also worked with electronic trading platforms. The company was featured on Fortune 500 and its main goal is to connect the largest community of all major market together to raise capital and invest. The company works with stocks, hedge funds and risk management, among other financial services.
ICE owns many companies like the International Petroleum Exchange, the New York Stock Exchange, the American Stock Exchange, the Singapore Mercantile Exchange and others.