US Regulators to Approve Bakkt Bitcoin Futures Roll Out Next Month

Oct 26, 2018 at 17:46 // News
Author
Coin Idol
Bakkt, which wants to form a "regulated ecosystem" for potential institutional investors aiming to increase exposure to digital currency, had lately ratified it planned to roll out its futures product December 12, 2018.

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.

Bakkt, which wants to form a "regulated ecosystem" for potential institutional investors aiming to increase exposure to digital currency, had lately ratified it planned to roll out its futures product December 12, 2018. 

The Crypto Era   

ICE's Bakkt will start rolling out its Bitcoin Daily Futures Contract for customers in early November this year if all the regulators embrace the project.   

The unidentified source further said that DV Trading, a Chicago-based trading shop, will indeed sell or buy Bakkt's product.   

Interests that non-custodial alternatives will eventually defame from the sector's believability have appeared from digital currency figures precisely, with digital currency enthusiast Andreas Antonopoulos cautioning over the significance of regulators ratifying and approving BTC ETF sooner or later.   

Non-physical BTC futures initially rolled out from CBOE and CME Group last year in December. Small returns have merged with fluctuations in the markets near to settlement dates, causing debate among crypto analysts.