The Bakkt cryptocurrency platform has published new details of future Bitcoin futures, naming, in particular, limits on lots and the size of commissions held.
According to the information on the Intercontinental Exchange website, the displayed product name will be “Bakkt BTC (USD) Daily Future”. Each contract presented on the ICE electronic trading platform will cost 1 BTC and will be calculated based on the price in US dollars with two decimal places.
The minimum admissible price fluctuation will be $ 2.50 per 1 BTC; however, for large transactions with a size of 10 BTC and higher, the possibility of determining the price with an accuracy of $ 0.01 will be available. The limit of positions will be 100 thousand lots for any date contracts.
There are no restrictions on price fluctuations on the platform, and the size of the commission, which will go to cover the costs of exchange and clearing, will be $ 0.50 for each transaction.
It also became known that the preliminary opening of trades at Bakkt will be carried out at 19:55, the trades will be conducted directly from 8:00 pm to 6:00 pm the next day, New York time, and the calculations will take place from 4:58 pm to 5:00 pm.
At the same time, Bakkt, with the support of Blockstream, has introduced an expanded data stream, which, the company says, will provide high transparency and will enable real-time broadcast of price data on more than 400 fiat and cryptocurrency pairs.
Fiat and crypto currency pairs. @Blockstream https://t.co/4hNVe3WElw pic.twitter.com/AmJdWP1L36
– ICE Data Services (@ICEDataServices) January 24, 2019
Recall that the launch of Bakkt, which promises Bitcoin futures with the physical delivery of the asset, was expected on January 24, but was again postponed. At the same time, the company opened several new vacancies .
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