Bakkt will test Bitcoin futures (BTC) in July
Bakkt will test Bitcoin futures (BTC) in July
Bitcoin

Bakkt will test Bitcoin futures (BTC) in July

By Amelia Tomasicchio - 13 May 2019

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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.

Today, ICE also published two documents explaining when the new bitcoin futures will be certified, one with a daily maturity and one with a monthly contract.

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.

 

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

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