Bakkt, owned by New York Stock Exchange, has postponed its eagerly awaited launch of BTC futures platform with settlements in BTC (not just cash payments). Bakkt aims to score the first movers advantage to build an open network to enable people all of over the world to buy, sell, store and spend digital assets efficiently. It is backed by Intercontinental Exchange (ICE) which provides financial trading service infrastructure to over 20 countries around the world.
Kelly Loeffler, CEO of Bakkt writes:
“Given the volume of interest in Bakkt and work required to get all of the pieces in place, we will now be targeting January 24, 2019 for our launch to ensure that our participants are ready to trade on Day 1.”
On being asked if the platform upon initial launch will also support other cryptocurrencies, she states:
“We’ll consider additional contracts as the landscape evolves and as we receive additional customer feedback about what they want and need.”
The article also states the 24th Jan 2019 launch is subject to regulatory approval. Stay tuned and don’t miss the future, The Future is Now!
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