Bakkt: ICE-Backed Cryptocurrency Startup to Launch Two Bitcoin Futures in Q3 of 2019
The beta-testing of Bitcoin futures contract for ICE-backed cryptoasset trading platform Bakkt was carried out successfully, as per the press release from Mr. Adam White, the COO of Bakkt. The platform has industriously launched customer acceptance testing for its cryptocurrency futures traded and cleared at Intercontinental Exchange Futures US and ICE Clear US respectively.
ICE and Bakkt Plan to Roll Out Bitcoin Futures Soon
Bakkt, a platform designed to support cryptocurrencies and Bitcoin (BTC) futures, is now getting ready to roll out soon, according to Jeffrey Craig Sprecher, the head of the Intercontinental Exchange (ICE), the parent company of Bakkt, however, he never revealed or set a company timeline.
Cryptocurrency Firm Bakkt Earns a $740M Valuation in Series A Funding
Bakkt – owned by Intercontinental Exchange (ICE) has netted a $740 million valuation after raising more than $182 million in a Series A funding round in 2018, according to The Block, the crypto news outlet. The company sold over ¼ of its shares to investors to hit the current valuation.
Starbucks Works with Bakkt to Enable Bitcoin Payments
From the new report, it seems that there is substantial equity held by Starbucks – the biggest coffee and snack provider globally – in the forthcoming cryptocurrency platform Bakkt. The company has earned its shares as part of a jointly constructive agreement. Starbucks’ partnership with Bakkt was initially revealed in August 2018. It is aimed at enabling bitcoin payments.
Bakkt Raises $182.5M in First Round of Fundraising, BTC Futures Awaits CFTC’s ‘Green Light’
Bakkt, the Intercontinental Exchange’s (ICE) forthcoming cryptoasset trading platform, has embossed around $182.5 million from several investors. The money will be used in creating and developing the institutional-grade regulated cryptoasset exchange, warehousing and clearing services for storage and physical delivery. The firm now hopes to give an updated timeline on rolling out Bitcoin (BTC) day-to-day futures contracts early this year.
US Regulators to Approve Bakkt Bitcoin Futures Roll Out Next Month
The Intercontinental Exchange's (ICE) Bakkt crypto platform could obtain approval to roll out its physically-delivered Bitcoin futures commodity from U.S regulators in the coming week, an unidentified source told The Block, a technology news outlet on October 25, 2018.