Bakkt Delays Platform Launch; Announces January as Tentative Roll Out Date

Bakkt Delays Platform Launch; Announces January as Tentative Roll Out Date
ôîòî ïîêàçàíî ñ : bitcoinmagazine.com

2018-11-21 02:24


Bakkt, an upcoming crypto retail payment system and futures platform, is delaying its launch to better ensure the platform’s success at release.

On November 20, 2018, the CEO of Bakkt released an update on Medium, outlining the future business plans for the company, describing some of the progress in implementing new features and declaring that the company’s initial launch is being postponed until January 24, 2019. According to CEO Kelly Loeffler, the delay is meant to give the project more time to make sure that the platform is operationally sound at launch.

“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. As is often true with product launches, there are new processes, risks and mitigants to test and re-test, and in the case of crypto, a new asset class to which these resources are being applied. So it makes sense to adjust our timeline as we work with the industry toward launch,” the post reads.

The post also indicates that the team is still working “with customer onboarding and securing regulatory approvals,” as the futures trading platform is still “subject to regulatory approval” by the U.S. Commodity Futures Trading Commission (CFTC) before the contracts can launch.

First announced at the beginning of August, the Bakkt platform has been awaited in the space for several months, as it promises a platform that would allow retailers at many different levels to leverage its services to accept crypto as payment.

Bakkt is not intended only for these day-to-day transactions, however. As detailed in an earlier announcement that originally anticipated Bakkt's release in December of 2018, the platform also offers contracts for bitcoin futures trading. This was particularly noteworthy because Bakkt took the unusual step of deciding not to perform these trades with fiat, opting instead to build “a physically settled daily futures contract for bitcoin.”

This most recent announcement also contained more news than a delay notice. Loeffler said that the company is exploring ways “to expand [its] offering,” adding that Bakkt will offer “insurance for bitcoin in cold storage” and that the team is “in the process of securing insurance for the warm wallet within the Bakkt Warehouse architecture,” as well.



This article originally appeared on Bitcoin Magazine.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Sharpe Platform Token (SHP) íà Currencies.ru

$ 0.0004599 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0.0004599 - H: $0.0004599
Êàïèòàëèçàöèÿ $8.007k Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0647524 (-99.29%)

bakkt platform launch futures bitcoin trading new

bakkt platform → Ðåçóëüòàòîâ: 63


Bakkt CEO Releases Update on Crypto Trading Platform’s Progress and New Board Members

The Bakkt platform has been in the works for a while, as the Intercontinental Exchange waits for approval through the CFTC to finally get involved in physically deliverable Bitcoin futures. There has been many crypto investors that have been looking forward to this launch, but the decision remains postponed. In the meantime, the company has […]

2019-3-30 16:51


Bakkt Bitcoin Futures Trading Platform Officially Launches December 12, 2018

The Intercontinental Exchange has been working fervently on their cryptocurrency platform Bakkt for the better part of the year. Bakkt has been awaiting their launch date, which has officially been announced as December 12th, and it is described by ICE as “an open and regulated, global ecosystem for digital assets.” With the launch, ICE has […]

2018-10-23 00:27


Ôîòî:

ICE’s Bakkt Paves Way for Institutional Investors, Experts Hold

The digital asset platform Bakkt has one feature which the market has been “crying for” according to CEO of an institutional Forex exchange. “This is What The Market Has Been Crying For” David Mercer, CEO of LMAX Exchange – the institutional exchange for global Forex trading as well as the operator of cryptocurrency exchange LMAX Digital, thinks that Bakkt’s 1-day futures contract which physically delivers bitcoin is the game changer the market has been looking Read More The post ICE’s Bakkt Paves Way for Institutional Investors, Experts Hold appeared first on Bitcoinist.com.

2018-8-12 20:00


You won’t be able to spend your cryptocurrency in Starbucks anytime soon

No, you won’t be able to spend your cryptocurrency at Starbucks. Last Friday, Starbucks announced that it would be joining and supporting a project known as Bakkt. If successful, Bakkt will leverage Microsoft’s cloud solutions – probably their blockchain based Azure platform – to create an infrastructure for managing and using digital assets.

2018-8-6 15:01


Ôîòî:

NYSE Owner’s BAKKT Platform ‘Makes Bitcoin ETF Redundant’: Commentator

Intercontinental Exchange (ICE) digital asset platform Bakkt will “make a Bitcoin ETF completely redundant” when it launches in November, a prominent social media commentator has forecast. ‘Completely Redundant’ Commenting on the news the New York Stock Exchange owner was collaborating with Microsoft, Starbucks and others on a regulated “ecosystem” for digital assets, Twitter user known as Parabolic Trav said that the platform – known as Bakkt – would fulfill the functions originally intended for an Read More The post NYSE Owner’s BAKKT Platform ‘Makes Bitcoin ETF Redundant’: Commentator appeared first on Bitcoinist.com.

2018-8-6 15:00


Ôîòî:

‘Biggest News of the Year for Bitcoin’: ICE Deal Helps ETF Chances, Says Brian Kelly

Intercontinental Exchange (ICE) teaming up with Microsoft, Starbucks and others on digital asset platform Bakkt makes it “much easier” for a Bitcoin ETF to launch. Kelly: ICE Is ‘Huge News’ That’s according to Brian Kelly, CNBC’s regular cryptocurrency commentator and BK Capital Management founder, who called the plans the “biggest news of the year” for Bitcoin.

2018-8-5 20:00


Ôîòî:

Starbucks Partners with NYSE Owner To Build ‘Global’ Digital Asset Platform

New York Stock Exchange operator Intercontinental Exchange (ICE) has revealed it plans to launch a global digital asset platform in November as a “scalable on-ramp” for investors. ICE To Build ‘Scalable On-Ramp’ In a press release August 3, ICE, which signaled its intention to launch physical Bitcoin futures in May, will debut them alongside the new platform, dubbed Bakkt.

2018-8-3 17:00