Wires

Crypto platform Bakkt to launch options contract for bitcoin futures

Oct 24 (Reuters) - Cryptocurrency platform Bakkt Trust Co LLC said on Thursday it will launch a regulated options contract for bitcoin futures on Dec. 9.

The bitcoin options contract will be based on the benchmark Bakkt Monthly Bitcoin Futures, the company said in a blog post. (https://bit.ly/2pSK7lr)

Bakkt is an affiliate of Intercontinental Exchange, which also owns the New York Stock Exchange. (Reporting by Abhishek Manikandan in Bengaluru; Editing by Shailesh Kuber)