Bakkt platform announced the successful start of testing Bitcoin futures

A test launch of Bitcoin deliverable futures on the Bakkt platform officially started.

According to Bakkt, user testing of daily and monthly contracts takes place in a planned manner with the participation of clients from all over the world.

Kicks off user today has been Acceptance testing @ICE_Markets for the Bakkt the Bitcoin & the Daily Futures exchange the Monthly Contracts

Testing

– Bakkt (@Bakkt) July 22, 2019

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

As BlockchainJournal reported earlier, Sam Doctor, strategist at Fundstrat Global Advisors, a New York-based company, Sam was convinced that a critical mass of institutional investors ready to enter the market on the platform launch day had already accumulated, as the product that Bakkt is going to offer will become the first regulated instrument of such kind of in usa.

Note that the news about the start of testing Bitcoin futures from Bakkt almost immediately had a negative impact on the price of Bitcoin. Earlier on Monday, the first cryptocurrency has already undergone a decline from around $ 10,550 to $ 10,200, and immediately after the message went further down, dropping at a certain point on several exchanges to $ 10,500.

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