Regulated infrastructure for bitcoin markets and custody

Bakkt, ICE Futures U.S. and ICE Clear US are bringing federally regulated price discovery to bitcoin markets. Fueled by the same technology and expertise that powers ICE’s global markets, the Bakkt Bitcoin Daily and Monthly Futures contracts enable physical delivery through secure, regulated custody.

Bakkt is setting the standard for institutional crypto markets:

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The first end-to-end regulated digital asset ecosystem for institutions

  • Meets the highest compliance, surveillance and regulatory standards for digital asset markets
  • ICE Futures U.S. and ICE Clear US are accessible by qualified market participants in the U.S. and internationally
  • Customers’ bitcoin will be stored in the Bakkt Warehouse, which is operated by Bakkt Trust, a qualified custodian and limited purpose trust company regulated by the New York State Department of Financial Services (NYDFS)
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Designed for institutional market participants

  • Simplified, professional trading access to IFUS via WebICE, ISVs, and API connection
  • Bank-level AML/KYC policies, paired with extensive blockchain surveillance
  • Bakkt will undergo regular financial, security and operational control audits, including SOC certifications
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Best-in-class market integrity and asset security

  • Strict operating procedures to direct the safekeeping and storage of customers’ digital assets
  • Bakkt’s cold and warm wallets are covered by a $125,000,000 insurance policy from a leading global syndicate
  • $35,000,000 “skin in the game” contribution to the ICE Clear US guarantee fund, specifically for bitcoin-related losses in the risk waterfall

BakktTM Bitcoin (USD) Futures & Options

The Bakkt Bitcoin Futures & Options complex is designed to promote regulated price discovery and market liquidity.  With the broadest range of trading and risk management tools across geographies and time zones, our bitcoin derivatives complex supports the hedging and exposure requirements of a broad range of institutional and retail market participants. The Bakkt Warehouse supports physical delivery where elected for futures, and is also available for institutional custody services for securing bitcoin balances outside of futures markets.

Physically Delivered Bakkt Bitcoin (USD) Daily & Monthly Futures

  • Listed on ICE Futures U.S. and cleared by ICE Clear U.S.
  • Settlement price does not rely on the unregulated bitcoin spot market
  • Margined daily and monthly contracts with ability to go to physical delivery or close out for cash settlement prior to expiry
  • Delivers to the Bakkt Warehouse, which is operated by Bakkt Trust, a qualified custodian and limited purpose trust company regulated by the New York State Department of Financial Services (NYDFS)
  • Available on ISVs and WebICE

Bakkt Bitcoin (USD) Monthly Options

  • Listed on ICE Futures U.S. and cleared by ICE Clear U.S.
  • Settles into the underlying Bakkt Bitcoin (USD) Monthly Futures contract two days prior to the last trade date of the underlying futures contract
  • Limited strikes for the front three monthly futures

Cash Settled Bakkt Bitcoin (USD) Monthly Futures

  • Listed on ICE Futures Singapore and cleared by ICE Clear Singapore
  • Settles on the price of the physically delivered Bakkt Bitcoin (USD) Monthly Futures contract
  • Offers market participants a cost-efficient tool to hedge or gain exposure to bitcoin without the need for physical delivery or reliance on the unregulated bitcoin spot market