TradeStation is an online brokerage firm for securities and on 27th January announced that its clients can now trade Bitcoin Futures Options from CME and Bakkt on their recently revealed FuturesPlus platform.
The new futures platform would come equipped with various analytical tools and simplified pricing to help institutional clients to trade the futures contractor from both the popular platforms in one place.
Futures contracts have become the hottest crypto trend since it has given a smooth pathway for institutional traders to enter the digital space. Earlier these big shot traders avoided crypto markets owing to its high price volatility and risk-return factor.
However, the likes of CME and Bakkt has efficiently managed to bring in these institutional players by offering a less volatile form of investing via futures contracts. These contracts are settled at the prefixed date of every month to depending on the time frame of the trader's contract.
CME Group was the first exchange to enter the futures market for digital currencies as it launched its Bitcoin futures contract during the peak bull market for the king coin in December 2017. Recently they also launched the Bitcoin Futures Options trading with tremendous response from the community as it's volume soared and doubled in just the first week.
Bakkt's physically settled Bitcoin futures were launched in September 2019 amid high speculations and hopes. However the start was quite disappointing for Bakkt as it failed to generate trading volumes anywhere near CME's, but slowly picked up the pace by December and since then has seen significant rising volumes with each passing day.
TradeStation Securities has been in the business since 1980's catering its services mainly towards institutional clients. The securities brokerage firm has been known for offering commission free trading for traditional stocks, futures, options and exchange traded funds as well.