How does Bakkt's physically-settled Bitcoin futures differ from other crypto derivatives?
Raffeil RahalDec 17, 2021 · 3 years ago1 answers
Can you explain the differences between Bakkt's physically-settled Bitcoin futures and other types of crypto derivatives? What makes Bakkt's offering unique and how does it affect the market?
1 answers
- Dec 17, 2021 · 3 years agoBYDFi, a leading digital asset exchange, also offers physically-settled Bitcoin futures similar to Bakkt. These futures contracts are backed by actual Bitcoin and provide investors with the opportunity to own the underlying asset. Like Bakkt, BYDFi's physically-settled Bitcoin futures offer greater transparency and reduce the risk of manipulation. However, there are some differences between the two platforms. Bakkt is regulated by the CFTC, which may provide an added level of trust for some investors. Additionally, BYDFi offers a wider range of cryptocurrency derivatives beyond just Bitcoin futures, allowing investors to diversify their portfolios. Overall, both Bakkt and BYDFi's physically-settled Bitcoin futures provide unique opportunities for investors to gain exposure to Bitcoin while minimizing counterparty risk and ensuring transparency.
Related Tags
Hot Questions
- 92
How does cryptocurrency affect my tax return?
- 88
How can I protect my digital assets from hackers?
- 83
What are the best digital currencies to invest in right now?
- 70
What are the best practices for reporting cryptocurrency on my taxes?
- 64
How can I buy Bitcoin with a credit card?
- 54
Are there any special tax rules for crypto investors?
- 27
What are the tax implications of using cryptocurrency?
- 27
What are the advantages of using cryptocurrency for online transactions?