Bakkt Bitcoin futures and warehouse to debut in September

The launch has been hugely anticipated, with the company first pencilling in August 2018 before being subject to delays over compliance issues

Bakkt has announced the US launch of its heavily hyped platform for custody and physically-delivered daily and monthly Bitcoin futures contracts.

Following the regulatory green light, this is scheduled for 23rd September and will be in partnership with ICE Futures US and ICE Clear US. The launch has been hugely anticipated, with the company first pencilling in August 2018 before being subject to delays over compliance issues.

“Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun,” it says in a Medium post.

“With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody Bitcoin for physically delivered futures. This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.”

Bakkt has hosted events in New York and Chicago, cities critical to the US futures market. “We gathered roughly 150 customers, regulators, and market participants to advance the dialogue in our industry, including a fireside chat with CFTC Commissioner Dawn Stump,” the Medium post states. “In Chicago, we had a conversation on the regulation of digital assets with SEC Commissioner Hester Peirce, and we invite you to listen in.”

Further details here.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

Findora brings new strategic advisors onboard

Next Article

Oracle sues CryptoOracle for 'trading on its reputation'

Read More Related articles