Finally, after many months waiting, Bakkt is ready to launch their Bitcoin (BTC) futures agreement.
Earlier today Bakkt made a huge announcement which has the potential to change the crypto space.
Today, we’re pleased to update you on the launch of bitcoin futures contracts developed by Bakkt in collaboration with ICE Futures U.S. and ICE Clear U.S. https://t.co/8G3YcFbPl2
— Bakkt (@Bakkt) May 13, 2019
The Bitcoin Futures:
Bakkt, the Intercontinental Exchange’s independent crypto initiative, will be introducing their physically-backed futures agreement in June.
Based on this Medium update from its chief executive, Kelly Loeffler, the product will take two forms:
1) A daily settlement bitcoin future, which will enable customers to transact in a same-day market.
2) a monthly bitcoin futures contract will enable trading in the front month and across the forward pricing curve.
This confirms rumours that the platform was looking to launch a vehicle for a same-day market.
Bakkt expects the soft launch with this product by July, explaining that it intends to iron out any kinks in the coming weeks.
Loeffler also confirmed that her organization had been working closely with the U.S. CFTC (Commodity Futures Trading Commission)
Is this another sign we are we finally out of the bear market?
At the time of this article, Bitcoin has just passed $7,800 and seeing green on the Blockfolio app is a welcomed view after a long, long time in the red.
To be honest I still can’t believe Bakkt has arrived sharing intentions to finally go live.
“Bakkt is designed to support digital assets. From securely storing digital assets to transacting, Bakkt’s regulated ecosystem is built on a foundation of secure technology to serve institutions, merchants and consumers.”
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