Bakkt Announced Bitcoin Futures Trading Launch Date
Bakkt cryptocurrency platform officially announced the date to launch physical Bitcoin Futures Contracts in a blog post on 13 June.
There are many delays from the initial announcement of Bakkt launch and finally, we are here. Bakkt will start testing of the physical Bitcoin Futures Contracts.
The launch date is set to 22 July which is 2 days after the 50th anniversary of the Apollo 11. The Bitcoin futures contracts will be listed on ICE Futures U.S. and cleared at ICE Clear US.
Chief Operating Officer Adam White further added in the post:
“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”
Adam White compares the launch of Bakkt with the first landing of man on the moon in 1969. The company has developed a fully regulated safe cryptocurrency trading platform institutional investors after a long hurdle.
Bitcoin futures contracts trading volume has seen a massive increment in the past few weeks. Reports show that CME Group Surpasses many big cryptocurrency exchanges by volume in May 2019.
Bakkt will settle the futures contracts in physical Bitcoin rather than in fiat currency. Here are the full details about the Bakkt Future Contracts.
