Bakkt: a custody service awaiting the launch of bitcoin futures

Bakkt: a custody service awaiting the launch of bitcoin futures

By Amelia Tomasicchio - 28 Aug 2019

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Bakkt just shared some news about the launch of its bitcoin futures.

As can be read in the tweet, Bakkt’s BTC futures will arrive on September 23rd and, in order to prepare for their launch, the company will start offering customers a bitcoin custody service on September 6th.

The futures, born in collaboration with ICE Futures U.S. and ICE Clear U.S., will be both on a daily and monthly basis and will offer the possibility of physically sending bitcoins in a fully regulated market.

Bakkt’s bitcoin futures, in fact, had already received the go-ahead from the CFTC and had been approved by the Department of Financial Services of the State of New York for the creation of Bakkt Trust Company and Bakkt Warehouse in order to store the physical bitcoins underlying the contracts.

About ten days ago, Bakkt had already revealed the launch date of the futures planned for September 23, so the news of today’s announcement is that in just over a week the company will begin to offer the BTC custody service.

Amelia Tomasicchio
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 Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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