Representatives of the Bakkt platform have confirmed that they will start accepting bitcoin deposits on Friday, September 6.
Today our Warehouse opens for customer bitcoin deposits and withdrawals as we prepare for the Bakkt Bitcoin Daily & Monthly Futures, launching September 23
The availability of physical delivery brings more flexibility in managing bitcoin exposure
– Bakkt (@Bakkt) September 6, 2019
The launch of trading in deliverable futures for the first cryptocurrency is scheduled for September 23. Bakkt claims to have been approved by the U.S. Derivatives Exchange Commission (CFTC).
The platform from the New York Stock Exchange operator Intercontinental Exchange (ICE) will offer:
- day futures
- monthly futures
They will be listed on ICE Futures US, and clearing will be provided by ICE Clear US. Bakkt will also provide margin tools to customers and provide contracts with a guarantee fund.
At the moment, it is not known what the pricing mechanism for Bakkt is, as representatives of the platform do not trust the data of spot markets.
Recall that the launch of Bakkt was reported in August last year, but the CFTC pulled with approval.
Futures testing began in late July.
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