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ICE Reveals Margin Requirements for Bakkt’s Bitcoin Futures


dailyhodl.com 2019-09-10 18:31
Reading time: ~1 m

 

Intercontinental Exchange (ICE) just published a notice detailing margin requirements for Bakkt’s daily and monthly Bitcoin futures contracts.

Bakkt opened its doors for customer deposits on September 6th. Customers will have to meet a minimum deposit requirement of $3,900 for both Bakkt’s daily and monthly physically-settled futures contracts as an initial hedge.

The speculative initial requirements for both contracts is $4,290.

Margin Update for ICE Futures U.S. Contracts 
Source: Intercontinental Exchange

Custody of customers’ crypto assets at the Bakkt Warehouse is now live and is being insured by a $125-million protection policy. The company has partnered with BNY Mellon to offer geographically-distributed storage of private keys that will be secured by the bank.

The futures contracts are slated to launch on September 23.

You can check out the full notice here.

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