CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near

2019-7-20 16:04

At long last, Intercontinental Exchange’s Bitcoin Futures trading platform Bakkt is to do a test launch on Monday 22 July 2019. Following an institutional summit hosted by Bakkt at the New York Stock Exchange during which the launch was revealed, Fundstrat reported that the Commodity Futures Trading Commission (CFTC) is already recording a massive increase in Bitcoin demand due to the announcement.

Bakkt has been scheduled for launch a number of times since 2018 but has not been launched successfully, mainly because of inadequate preparation. This time, the announced test launch is already drawing the attention of potential institutional investors and could be a huge addition to the Bitcoin market, says Quant Strategist at Fundstrat Sam Doctor.

“We think Bakkt could be a huge catalyst for institutional participation in the crypto market,“ he wrote on Twitter.

Although legislators have expressed fear that cryptocurrency especially Bitcoin could constitute a threat to the existing financial system, CFTC Commissioner Dawn Stump said at the Bakkt summit that there is no cryptocurrency that can threaten financial stability currently. She also added that the CFTC is exploring ETH products and expects more tokens and contracts beyond cash-settled Bitcoin products.

Apart from the already surging demand for Bitcoin Futures, there were many institutional investors at the Bakkt summit who expressed readiness to dive right into the industry as soon as bakkt launches. Some of the potential clients include brokerage services, prop desks and institutional exchanges, many of which have deep traditional and derivatives expertise.

Bakkt’s sales team has established firm connections with brokers, market makers, prop trading desks and liquidity providers who will contribute significantly to boosting the growth of the industry as institutional investors gain the confidence to invest massively in Bitcoin Futures.

Bakkt is expected to bring major growth to the Bitcoin and cryptocurrency industry as a whole. As the launch is finally at the corner, the industry may be getting ready for significant growth in the coming months and especially also because Bitcoin halving is coming in 2020.

As Bitcoin gets more scarce due to the halving and with the influx of institutions because of Bakkt, Bitcoin bulls may be close to realizing their dreams of seeing Bitcoin soar to greater heights.

Currently trading at $10,567, Bitcoin has managed to sustain this level after recovering from the sudden dip to $9,000. Where will the price be going from here as the test launch approaches?

The post CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near appeared first on ZyCrypto.

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 $ 4.3496 (-100%)

launch futures bakkt cftc bitcoin trading exchange

launch futures → Результатов: 126


Фото:

CBOE May Launch Ether Futures by the End of 2018

According to Business insider’s article released on August 31, 22018,CBOE is currently waiting for further information from the US Commodity Futures Trading Commission (CFTC). The launch of Ether futures would be a remarkable step forward for the cryptocurrency community as it could lead to wider trading in the cryptocurrency ecosystem and potentially lead to an exchange-traded fund.

2018-9-2 23:00


Possible Outcomes as CBOE plans to launch Ethereum futures by year end

Many within the crypto community are not aware that the cryptocurrency bubble of late last year was caused by a factor? The reason for the so called bitcoin and other crypto bubble was as a result of the listing of Bitcoin futures by CBOE in the New York crypto exchange,Gemini Exchange after it got an […] The post Possible Outcomes as CBOE plans to launch Ethereum futures by year end appeared first on ZyCrypto.

2018-9-1 02:52


Фото:

Ethereum Price and Usage Disappoint Despite ETH Futures Rumors

CBOE could launch Ethereum (ETH) futures by the end of 2018 if US regulators approve its product, anonymous sources told Business Insider August 30. ‘Getting Comfortable’ CBOE, which launched pioneering Bitcoin futures in December last year, is currently waiting while the Commodity Futures Trading Commission (CFTC) to “get comfortable with the product before its official launch,” the publication reported citing “people familiar with the matter.

2018-9-1 01:00


Фото:

UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

The UK-based cryptocurrency futures exchange, Crypto Facilities, has announced the launch of the first Bitcoin Cash – Dollar (BCH/USD) futures. Crypto Facilities is regulated by the U. K. Financial Conduct Authority (FCA) and the new BCH futures products will join the firm’s other crypto-based contracts at 4 pm UK time on Friday, August 17th.

2018-8-17 18:30


Фото:

Bitcoin (BTC) ETF Might Be Possible With the Bakkt Announcement, says CNBC’s Brian Kelly

Less than 24 hours ago, the owners of the New York Stock Exchange – Intercontinental Exchange (ICE) – announced that they would be partnering with Microsoft, BCG, Starbucks and other firms, to launch  a market and ecosystem to list physically settled Bitcoin futures contracts and for a new company to push Bitcoin and other digital assets […] The post Bitcoin (BTC) ETF Might Be Possible With the Bakkt Announcement, says CNBC’s Brian Kelly appeared first on Ethereum World News.

2018-8-4 11:38


NYSE Parent ICE Will Deliver Real Bitcoin Via New Futures Contracts

NYSE Parent, Intercontinental Exchange, to Launch New Futures Contracts Delivering Real Bitcoin The Intercontinental Exchange (ICE), the Atlanta-based company which owns the New York Stock Exchange (NYSE) announced on Friday that it plans to launch a couple of new products, the first being its new platform for digital assets, as well as a Bitcoin futures […]

2018-8-3 19:53


Фото:

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


Фото:

Exchanges Round-Up: CME Rejects Altcoins, Waves DEX Hacked on Launch

In recent news pertaining to cryptocurrency exchanges, the CEO of Chicago Mercantile Exchange (CME) has indicated that the company has no intentions of introducing derivative markets for alternative cryptocurrencies in the near futures; Waves’ decentralized exchange was hacked upon launch; and the founder Pakcoin has attributed Pakistan’s slow rate of cryptocurrency adoption to low literacy […] The post Exchanges Round-Up: CME Rejects Altcoins, Waves DEX Hacked on Launch appeared first on Bitcoin News.

2018-7-28 01:15


Chicago Mercantile Exchange (CME) CEO Says No Other Crypto Futures For Now

Chicago Mercantile Exchange (CME) CEO Terry Duffy revealed in an interview with Bloomberg that they will not introduce futures on cryptocurrencies other than Bitcoin in the foreseeable future. Duffy emphasized that the company should first evaluate and develop an approach for Bitcoin, stressing that Bitcoin futures might have been the most controversial launch of a […]

2018-7-27 11:25