Bakkt to Launch Deliverable Bitcoin Futures on September 23rd
Bakkt Explained | Bitcoin Futures
Bakkt has announced that it has received regulatory approval to launch deliverable Bitcoin futures, and plans start their release on September 23.
On Friday, Bakkt CEO Kelly Lefler wrote in the blog about the successful completion of the self-certification procedure for new contracts and acceptance user testing. therefore next month, the platform will start partnering with ICE Futures US and ICE Clear US, entering into daily and monthly Bitcoin futures contracts with them.
When calculating the cost of new trading products, do not will be take into account unregulated spot markets, which will provide a transparent pricing mechanism, will allow neutralize the influence of manipulation and others unfavorable external factors.
Reconciliation of the issue of withdrawal new products on market with the Securities and Exchange Commission, the Commodity Futures Trading Commission, and also the New York State administration dragged on for a whole year. Originally a child company Intercontinental Exchange announced its plans in August 2018 of the year and several times postponed the date of the official opening of the platform.
Platform started closed testing of daily and monthly deliverable bitcoin futures only July 22.