ICE Reveals Margin Requirements for Bakkt’s Bitcoin Futures
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
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.