Bakkt Is All Set For Bitcoin Daily And Monthly Futures Launch.

Bakkt Is All Set For Bitcoin Daily And Monthly Futures Launch.
Bakkt's latest announcement on twitter shows that it has taken the lead in delivering substantial Innovation for the crypto community.
In a tweet, the Intercontinental Exchange-backed bitcoin futures provider said it would begin offering customers secure storage for bitcoin “to prepare for the launch” of its daily and monthly futures contracts on Sept. 23.

“On Sept 6, our Warehouse will begin offering secure storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Daily & Monthly Futures when they launch on Sept 23."

According to the announcement, every regulatory approval required for launch has finally been secured earlier this month. While Bakkt’s launch had been delayed by regulatory holdups multiple times, it now plans to begin offering customers access to the first physically-settled futures contracts in the U.S. late next month.

This move holds significance for the crypto community as unlike other futures exchanges, Bakkt’s business model allows users to settle their orders in Bitcoin, and not just the fiat equivalent to the price of bitcoin. As a result, it is speculated to ensure better price discovery and liquidity for Bitcoin and everyone in the space.
These contracts will enable physical delivery of bitcoin with end-to-end regulated markets and custody.”