After over a year of delay, the much anticipated Bakkt Bitcoin futures trading platform finally goes live which features physically settled Bitcoin (BTC) futures trading in the intercontinental Exchange (ICE).
Bakkt was able to launch after the U.S. Commodity Futures Trading Commission (CFTC) gave its approval on August 16, 2019 after numerous delays due to regulatory concerns, which seems to stem from custody concerns from CFTC.
They were able to quell the concerns of CFTC by acquiring Digital Asset Custody company and partnering with custodian bank BNY Mellon as well as getting Net York BitLicense from the New York State Department of Financial Services (NYSDFS).
What makes Bakkt’s Futures trading significantly different from other available futures products such as those offered by the Chicago Mercantile Exchange and the Chicago Board Options Exchage is the fact that Bakkt settles its contracts in Bitcoin instead of Cash.
Headlines for the world of Cryptocurrencies - September 22, 2019
-
Cisco And SingularityNet Partners For Decentralized Artificial Intelligence
-
Premier Swiss Stock Exchange Launches Prototype For Digital Assets Exchange
-
OKEx To Launch Tether Margin Futures In October
-
Facebook Acquires ChatBot Maker SeviceFriend
-
Lithuanian Retail Giant To Sell Bitcoin
Headlines for the world of Cryptocurrencies - September 21, 2019
- One Of South Korean Biggest Conglomerates To Use Blockchain For Music Copyright
- Analyst Predicts Launch Of Bakkt Will Improve Trust Of Cryptos
- Bank Of America Is The Latest Member Of R3’s Marco Polo Blockchain Network
- Major Crypto Listing On Coinbase Soon
- Hong Kong Billionaire Enters Crypto Space
Headlines for the world of Cryptocurrencies - September 20, 2019
- Zuckerberg In Capitol Hill To Win Over U.S. Policymakers
- North Korea To Create Its Own Cryptocurrency
-
Abra Now Allows Users To Buy Bitcoin In 7-Eleven Outlets
-
1,000 New Miners From Publicly-Listed Mining Firm
-
Arab Bank Switzerland Now Offers Crypto Custody And Brokerage Services
Honestly, I dont overrate bakkt. They are just another provider of many paving the way of mass adoption in crypto!
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit