The Bakkt cryptocurrency platform from the Intercontinental Exchange (ICE) financial corporation intends to obtain permission to operate in the state of New York from the Financial Services Authority (NYDFS). If Bakkt gets BitLicense for custodial service, this can be a powerful argument in negotiations with the US Stock Exchange Trading Commission (CFTC), which has not yet given the green light to launch delivery bitcoin futures.
The Bitcoin to the masses https://t.co/z32v5sMtNi
– Bloomberg Crypto (@crypto) April 18, 2019
Note that the security of users' cryptocurrency funds is supposedly the main stumbling block in negotiations with the CFTC. The launch of the platform has been postponed several times due to the inability to obtain approval from the regulator.
According to some estimates, the investment estimate Bakkt already reached $ 740 million. This was made possible thanks to a massive round of funding in Serie A by $ 182 million, which was attended by Microsoft, Boston Consulting Group, Galaxy Digital and others.
In addition to the futures direction, Bakkt also intends to carry out processing of bitcoin payments in the field of retail. One of the partners of the platform is the international chain of coffeehouses Statbucks.
In ICE and NYDFS declined to comment on the possibility of providing the platform BitLicense.
Recall that the Board of Directors of Bakkt was headed by Tom Noonan, a serial cybersecurity entrepreneur. It also included ICE founder and CEO Jeff Sprecher, SoftBank Managing Partner Akshay Nakheta and Goldfinch Partners Managing Partner Sean Collins.
Initially, the launch of the platform was to be held on January 24th.
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