Bakkt decided on the start date for testing bitcoin futures

The Bakkt cryptocurrency platform has named the exact start date for testing deliverable Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

“Among the advantages that Bakkt provides to financial institutions is the ability to trade in blocks, exemption from commissions at the end of the year to stimulate trading activity, a program to encourage market makers to increase liquidity, integration with independent software vendors and regulated broker platforms,” he said, adding that none of this is "simple, fast, or free."

Recall that at Bakkt two futures contracts will be presented – with daily and monthly settlements. Risk management and the mechanism for securing these contracts will meet the standards of the traditional derivatives market.

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