In July, Bakkt will start testing deliveries of bitcoin futures

Bakkt, a cryptocurrency platform in preparation for launch, announced that testing of Bitcoin delivery futures will begin this summer.

Today, we’re pleased to get you to know how to create a company that has been developed in accordance with the ICT Futures US and ICE Clear US https://t.co/8G3YcFbPl2

– Bakkt (@ Baktk) 13 of May 2019 p.

According to the head of Bakkt, Kelly Loffler, her company has recently worked closely with the Commodity Futures Trading Commission (CFTC) to bring its activities in compliance with federal law, as well as the requirements of transparency of activities and protection of users.

“Together with our exchange and clearing partners at ICE, we will work with clients over the next few weeks to prepare for connecting users to test futures and custodial solutions, which are expected to launch in July ,” Löffler wrote .

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

In addition, the company will allocate $ 35 million to cover the transactions that will pass through its clearing house. Bakkt is also in talks with the New York State Department of Financial Services to obtain the status of a trust company and the opportunity to work as a qualified custodian of digital assets.

Recall that in April Bakkt acquired the digital Asset Custody Company (DACC) cryptocurrency storage service provider.

Also earlier, BlockchainJournal reported that Bakkt 's investment valuation exceeded $ 700 million .

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