Cryptocurrency Derivatives Market Weekly Snapshot, December 27th, 2019

ICE Makes Two Crucial Announcements of Leadership Roles For Bakkt: Inter-Continental Exchange (ICE) announces Mr. Mike Blandina as the new CEO of Bakkt and Mr.Adam White as the President of Bakkt. The new appointment of CEO is announced as the company’s current CEO Kelly Loeffler had to leave the position after her appointment to the United States Senate, to replace Sen. Johnny Isakson from Georgia who is due to retire.

Final Round of CME BTC Futures in 2019 – Prudent to Be Aware of Vols Amid Expiry Season of December Delivery: Today, the latest round of CME 6-month Bitcoin futures contracts are expired, the settlement date is 30th December. The nature of futures contracts means they need to be settled on a set date, based on a contract. While the underlying BTCUSD price (at Coinbase) has been showing exhausted buying sentiments from last 4-5 days, the pair has yet again showed failure swings at the stiff resistance zone of $7,688 levels. 

OKEx Expands Its Derivatives Business By Unveiling Crypto-Options Trading: After USDT-margined perpetual swap trading feature, OKEx has now introduced bitcoin options trading exclusively for selective troop of clients ahead of a public launch next month.

Bakkt BTC Cash-Settled Futures: This week, it records the 7th consecutive day that the Bakkt Bitcoin (USD) Cash Settled Futures have reached trade volumes of over 1,000 lots at ICE Futures Singapore.

Coincheck To Terminate Margin/Leveraged Trading Service Provision: Coincheck To Terminate Margin/Leveraged Trading Service Provision: Coincheck has announced it will shut down its margin leveraged trading. As Japan’s Virtual Currency Exchange Association continues its efforts to have member organizations implement best practice financial management. Coincheck has announced it will end leveraged trading from March 13th, 2020.