Bakkt announces bitcoin futures trading coming July, BTC surges to $7,800

2019-5-13 18:09

Bakkt, an institutional cryptocurrency trading platform led by the Intercontinental Exchange (ICE), expects their bitcoin futures to be listed on federally regulated futures exchanges in July.

The institutional crypto trading platform Bakkt will be conducting the first user tests of its bitcoin futures live on federally regulated futures exchanges.

“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. We’ll provide more details in upcoming posts, but we expect to use UAT to ensure that customers have time to onboard and can test the trading and custody model we’ve built to their satisfaction.”

The exchange will list futures settled on two different trading intervals: daily and monthly. The monthly contract will allow traders to trade across a several month timeframe, giving institutions access to a broader range of financial maneuvers—including shorting the market.

Bakkt will also contribute $35 million into the contracts to put “skin in the game,” aligning the interests of Bakkt with those of participants.

Instead of settling contracts in cash like the Chicago Mercantile Exchange (CME), Bakkt will have the ability to physically deliver on futures contracts. Thus, trades on Bakkt will have a more direct impact on the spot-market price of bitcoin as it interacts with the supply and demand of the cryptocurrency.

In April, Bakkt shared that it is working with the New York State Department for Financial Services to operate as a custodian for digital assets in tandem with offering bitcoin futures. Prior to approval, Bakkt will use separate a qualified custodian.

The post Bakkt announces bitcoin futures trading coming July, BTC surges to $7,800 appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Filecoin [Futures] (FIL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $5.1636
Капитализация $0 Rank 99999
Цена в час новости $ 6.0843 (-100%)

futures trading bakkt bitcoin july exchanges platform

futures trading → Результатов: 126


Фото:

Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations

The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs).

2018-10-18 09:30


Фото:

TD Ameritrade Plans Integrated Physical Bitcoin Futures In New Partnership

US broker TD Ameritrade has confirmed it is rolling out a more comprehensive cryptocurrency trading portfolio in what mainstream media describes as the firm going “full crypto. ” Client Demand Behind ErisX Investment TDA, which was one of the first finance giants to offer Bitcoin futures trading, plans to enter into a strategic investment with exchange ErisX along with Virtu and DRW Holdings.

2018-10-5 20:00


CFTC Chair Explains Why US Has Regulated Bitcoin Futures but Not Bitcoin ETFs

The chairman of the U. S. Commodity Futures Trading Commission (CFTC) has explained why bitcoin futures have been approved in the U. S. but bitcoin ETFs have not. He also shared his thoughts on the future of cryptocurrencies and how they can potentially solve currency-related problems in as much as two-thirds of the world’s countries.

2018-10-3 18:50


Фото:

CFTC Chairman Believes Bitcoin Is ‘Here To Stay’

Although crypto regulation has been discussed widely for years now, it is still of the biggest issues in the industry to date and has multiple unsolved problems. There isn’t a final decision on how these types of assets should be managed and controlled due to members of such influential governmental bodies such as the SEC (Securities and Exchange Commission) and the CFTC (Commodities Futures Trading Commission) haven’t been able to reach a single opinion on the matter.

2018-10-3 17:30