Bakkt Breaking News: After Getting Regulatory Approval, Bakkt Reveals Bitcoin Futures Launch Date


Bakkt has been said to be the crypto game-changer that the world is expecting.

Not too long ago, the market research and analysis company Fundstrat has released an update on Bakkt.

Bakkt is expected to launch with tons of institutional investors on board.

According to Fundstrat's notes, “Investors at the event are excited about the Bakkt launch, and the notion of physically-settled daily and monthly futures contracts. There was a wide array of clients, mainly with deep traditional equity/derivatives expertise.”

Bakkt finally receives the long-awaited regulatory approval

Now it seems that the much-awaited and anticipated Bitcoin futures platform Bakkt said that it had received regulatory approval and it is ready for launch.

Bakkt said that the BTC futures and crypto custody warehouse would finally make its grand debut on September 23rd.

Bakkt’s Bitcoin futures is going to be cleared via the ICE US which is federally regulated by the US Commodities Futures Trading Commission.

The company has also gained the approval of Bakkt Trust Company LLC from the NY Department of Financial Services.

As crypto enthusiasts may know, this has been the last hurdle that the company was faced with and that’s why they had to wait so long until setting a final date for the massive launch.

“We’re starting with the introduction of a regulated and secure qualified custodian for Bitcoin to support our futures contracts,” Bakkt said.

According to official notes from the company, “The Bakkt Warehouse, which is part of Bakkt Trust Company, is built using the cyber and physical security protections that support the world’s most actively traded markets, including the NYSE. In addition, the independent governance and compliance requirements of a qualified custodian mean that the Bakkt Warehouse is designed to meet the highest standards of oversight.”

Bakkt was supposed to be launched back in December 2018.

Coins Mentioned

BTC

Bitcoin

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Exchanges
Icon
CEX.IO

Read Review - Website

Icon
Coinbase

Read Review - Website

Icon
Binance

Read Review - Website

Casinos
Icon
7bitcasino

Read Review - Website

Icon
BitStarz

Read Review - Website

Icon
FortuneJack

Read Review - Website

Sportsbook
Icon
1xBit

Read Review - Website

Icon
Nitrogen Sports

Read Review - Website

Icon
SportBet.io

Read Review - Website

Trending news

thumbnail13 - Bakkt Breaking News: After Getting Regulatory Approval, Bakkt Reveals Bitcoin Futures Launch Date

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1672 Articles
7255 Followers