UNITED STATES, WASHINGTON (OBSERVATORY) — The Bakkt cryptocurrency platform from Intercontinental Exchange Corporation (ICE) has announced that as early as September 6, customers awaiting the launch of trading in Bitcoin deliverable futures will be able to make deposits.
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
These contracts will enable physical delivery of bitcoin with end-to-end regulated markets and custody
— Bakkt (@Bakkt) August 28, 2019
Today’s Twitter message says, starting from that date, Bakkt will offer secure storage of customers’ bitcoins.
It is expected that the full-scale launch of the trading of daily and monthly deliverable bitcoin futures on the platform will take place on September 23.
Earlier in August, Bakkt CEO Kelly Loeffler announced that the U.S. Derivatives Exchange Commission (CFTC) gave the green light to launch the platform after it went through a self-certification process.
In addition, the Bakkt Trust Company LLC received a trust license from the New York State Financial Services Authority (NYDFS), which will allow it to store institutional clients’ bitcoins that will be insured for $ 125 million.
Contracts offered by the platform will allow market participants to bet on future changes in bitcoin prices and receive payments in cryptocurrency, which distinguishes them from the existing regulated futures of the Chicago Mercantile Exchange (CME), which allow you to receive only the fiat equivalent of the earned bitcoins.
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