A full launch of the Bakkt delivery bitcoin futures trading platform is scheduled for the third quarter of this year, reports The Block , citing informed sources.

At the same time, the platform supported by the Intercontinental Exchange (ICE) is still awaiting approval from the New York State Financial Services Department for the qualified custodian Bakkt Warehouse, which is necessary for working with futures with the physical delivery of the underlying asset.

"Futures do not belong to the repository, nevertheless it relies on it ," said the representative of the exchange, who wished to remain anonymous.

Some sources familiar with Bakkt are worried that the guarantee fund of the exchange may not be sufficient to fully cover the potential losses of such a large platform. Thus, ICE intends to allocate only $ 35 million for the fund. At the same time, co-founder of Altonomy trading company Ricky Lee is sure that the volume of open positions on the institutional stock exchange may reach $ 400 million. However, Li added that the risk is not so high as to scare away Bakkt companies.

Bakkt itself recognizes the problem of increased liquidity risk and plans to increase the size of the guarantee fund over time.

Recall, July 22, Bakkt officially started testing the delivery of bitcoin futures.

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