ICE's Bakkt Suspends Bitcoin Futures Roll Out

[Goodcat49]

Intercontinental Exchange’s (ICE’s) Bitcoin (BTC) futures trading platform has suspended its formal roll out.

Announced on Tuesday, November 20, through a company blog post, Bakkt’s first product, revealed in August 2018, has now been suspended until Thursday January 24, 2019. Warehouse and trading activities are both believed to start on that very date.

The platform revealed that the latest listing timeframe will give extra time for clients and clearing individual member onboarding before the beginning of the trade and warehousing of the fresh contract.   

Why the Time was Adjusted?   
Kelly Loeffler, CEO Bakkt, said that the "volume of interest" in the firm and the "work needed to have all the pieces in place" chipped in to the delay, according to an announcement on the Medium.   

Loeffler further said that:   

“As is often true with product launches, there are new processes, risks and mitigants to test and retest, and in the case of crypto, a new asset class to which these resources are being applied. So, it makes sense to adjust our timeline as we work with the industry toward launch.”   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/ices-bakkt-suspends-bitcoin-futures-roll-out/