ICE Announces Record Trading Volume for Physically-Delivered Bakkt® Bitcoin Futures Contracts
September 16 2020 - 08:30AM
Business Wire
Intercontinental Exchange (NYSE: ICE), a leading operator of
global exchanges and clearing houses and provider of mortgage
technology, data and listing services, today announced record
trading volume for its Bakkt® Bitcoin (USD) Physically Delivered
Monthly Futures contracts.
“This strong trading activity is another validation of the
important role that our physically-delivered contracts play for
price discovery in the bitcoin market,” said Trabue Bland,
President of ICE Futures U.S. “Having a fully regulated futures
market, supported by Bakkt’s institutional-grade custody, offers a
more compelling opportunity for investors and others who want to
take positions or manage risk in volatile bitcoin markets.”
Bakkt® Bitcoin Monthly Futures traded a record 15,955 contracts
on September 15, 2020, 36% more than the previous record of 11,706
on July 28, 2020.
“Since we first launched Bakkt nearly a year ago, we’ve remained
committed to expanding trust in, and unlocking the value of,
digital assets,” said Adam White, President of Bakkt. “Our futures
contracts were designed with institutional market participants in
mind and we’re pleased to see growth in terms of both volumes and
the number of customers participating in this market.”
Bakkt® Bitcoin (USD) Physically Delivered Monthly Futures are
listed on ICE Futures U.S. and offer market participants a
cost-efficient tool to hedge or gain exposure to bitcoin.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company
formed in the year 2000 to modernize markets. ICE serves customers
by operating the exchanges, clearing houses and information
services they rely upon to invest, trade and manage risk across
global financial and commodity markets. A leader in market data,
ICE Data Services serves the information and connectivity needs
across virtually all asset classes. As the parent company of the
New York Stock Exchange, the company is the premier venue for
raising capital in the world, driving economic growth and
transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located at
http://www.intercontinentalexchange.com/terms-of-use. Key
Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation
can be accessed on the relevant exchange website under the heading
“Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE’s business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2019, as
filed with the SEC on February 6, 2020.
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20200916005520/en/
ICE Media Contact: Damon Leavell Damon.Leavell@theice.com
212-323-8587 ICE Investor Contact: Warren Gardiner
Warren.Gardiner@theice.com 770-835-0114
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