Bakkt’s Much-Anticipated Bitcoin Futures Trading Platform Goes Live
Kollen Post's original article for cointelegraph.com reduced by 57%
Bakkt's physically settled Bitcoin futures trading is now live for trading on the Intercontinental Exchange. As of 8 PM EST on Sept. 22, Bakkt's much-anticipated BTC futures trading has launched.
While news of Bakkt's launch and intention to facilitate BTC futures trading broke over a year ago, the platform itself has seen numerous delays owing to regulatory concerns. On Aug. 16 of this year, Bakkt announced that the company had secured approval from the U.S.
Commodity Futures Trading Commission and had scheduled today as the first day of trading. While the Chicago Mercantile Exchange and the Chicago Board Options Exchange currently offer trading of Bitcoin futures, these trades are cash-settled. The platform offers daily and monthly trading of physically settled Bitcoin futures, to be processed through Bakkt's Bitcoin Warehouse, which began processing withdrawals and deposits at the beginning of September.
Many commentators believe that physically delivered futures trading of BTC represents a leap forward for institutional acceptance of Bitcoin in particular and crypto in general.
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