Bakkt Names Launch Date for Bitcoin Futures Testing

[Goodcat49]

Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13.

Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.

“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:

“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.”

https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing

[Niteroy]

They were planning to launch their platform at the beginning of the year, but for some reason they postponed, so I’m not sure that they will be able to launch futures right now and it’s possible that they will postpone the launch date. In general, this is good news from Bakkt and I think this should push the price of Bitcoin above $10,000.