This week Bakkt, which recently launched a platform for physically settled bitcoin futures contracts, announced the launch of Bakkt Warehouse, a qualified bitcoin custodian that is authorized to offer institutional bitcoin custody by the New York Department of Financial Services. In a related development, according to reports this week, the state of Wyoming has released new custody rules for state-chartered special purpose depository institutions (SPDIs) that will allow banks that qualify as SPDIs to act as custodians of "digital assets" under Wyoming law. And late last week, Silvergate Bank, one of the first U.S. banks to begin servicing the cryptocurrency industry, officially began selling shares on the New York Stock Exchange in an initial public offering.

More new cryptocurrency-related products were announced this week. A Chicago-based global derivatives marketplace announced that it intends to launch options on its bitcoin futures contracts in January 2020, subject to regulatory approval. According to reports, U.S.-based cryptocurrency wallet Abra is adding support for 60 new cryptocurrencies. In Europe, Switzerland's largest stock exchange has reportedly listed an exchange-traded product that is based on the tezos cryptocurrency. Finally, according to reports this week, cryptocurrency exchange Bitfinex has announced plans to launch cryptocurrency options products and a gold-backed stablecoin, Tether Gold.

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