Back in November, Bakkt said that it plans to gather feedback from customers and the crypto space in order to find out which contracts should be added later on.
“Bitcoin today accounts for over half of total crypto market capitalization and has been deemed to be a commodity, and its derivatives are regulated in the US by the CFTC,” according to Bakkt.
Bitcoin creates a liquid product on which to build a futures contract.
Bakkt considers more contracts to add on the platform
The same notes say that “As the world’s most liquid and widely distributed cryptocurrency, and where we’ve seen the most customer demand, bitcoin’s profile creates a liquid product on which to build a futures contract.”
Bakkt also made sure to say that they will definitely consider “additional contracts as the landscape evolves and as we receive additional customer feedback about what they want and need.”