Today the CEO of Bakkt explained that the tests on bitcoin futures (BTC) will arrive in the summer, namely in July 2019.
In a blog post, in fact, Bakkt CEO Kelly Loeffler explained that the company is working closely with the U.S. Commodity Futures Trading Commission (CFTC), the body that regulates derivatives in the country, and that the futures will be ready to be tested next summer.
“We’ll be working with our customers over the next several weeks to prepare for user acceptance testing (UAT) for futures and custody, which we expect to start in July.”
An effective launch date has not yet been revealed, but with this announcement, Loeffler has made it clear that the futures’ proposal could soon be accepted, although there are still no official confirmations.
Bakkt will give $35 million dollars of its own funds to cover any risks and also plans to provide custody service for BTC, in case it receives approval from the CFTC.