The Bakkt crypto platform will open a service for storing client bitcoins on September 6 in anticipation of the full launch of its contracts. Bakkt announced this on her Twitter.
“On September 6, the store will begin to provide services for the safe storage of bitcoin clients in order to prepare for the launch of Bakkt bitcoin futures with daily and monthly settlements, which will be presented on September 23, ” the company writes.
These contracts will enable the physical delivery of bitcoins in fully regulated markets and in storage. ”
On Sept 6, our Warehouse will begin offering secure storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Daily & Monthly Futures when they launch on Sept 23
These contracts will enable physical delivery of bitcoin with end-to-end regulated markets and custody
– Bakkt (@Bakkt) August 28, 2019
On receipt of the last required permission to run their futures Bakkt announced in the middle of the month. The contracts developed by the owner of the New York Stock Exchange platform will allow market participants to bet on future changes in bitcoin prices and receive payments in cryptocurrency , which distinguishes them from existing regulated futures of the CME exchange, which allow traders to receive only the fiat equivalent of the earned bitcoins.
Bakkt contracts will be the first of their kind. Earlier, the launch of similar futures was announced by the LedgerX platform, but later the US Commodity Futures Trading Commission (CFTC) stated that it did not give its permission.
Publication date 08/30/2019
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