Bakkt Bitcoin Futures Trading Platform Officially Launches December 12, 2018

2018-10-23 00:27

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 noted that the platform will make physically settled Bitcoin futures contracts a part of the platform. Any bitcoins contributed as a result of the offering will be stored in a safe location – the ICE Digital Asset Warehouse.

Many investors see Bakkt as the “flagship institutional organization pressing into the digital asset space,” according to a report from Abacus Journal. Some of the investors that support its creation include Eagle Seven, Fortress Investment Group, Alan Howard, Galaxy Digital, Pantera Capital, Horizons Ventures, and others.

Jeremy Sprecher, the founder, chairman, and CEO of ICE, said,

“In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets.”

All of the futures contracts will be validated through another subsidiary of ICE called ICE Clear US. The announcement said, “Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day.” The decision to offer bitcoin futures contract was announced when Bakkt became a reality, allowing participants to cash out with Bitcoin from their futures products, instead of requiring a cash payout.

The original launch of Bakkt was planned for some time in November. The only milestone that ICE was waiting for at that time was the approval from the Commodity Futures Trading Commission (CFTC). Even with all of the information provided regarding the new launch date, no reason was given for the delay.

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bakkt platform → Ðåçóëüòàòîâ: 55


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


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

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.

2018-11-21 02:24


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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


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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


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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


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