Tom Lee, co-founder of Fundstrat Global Advisors research firm, is confident that the launch of the Bakkt platform will increase institutional investor confidence in bitcoin and other digital assets.
I am very positive on @Bakkt and it's ability to improve trust with institutions to crypto https://t.co/7icnJp76GE
– Thomas Lee (@fundstrat) September 20, 2019
“I am very positive about Bakkt and its ability to increase the trust of institutions in cryptocurrencies,” Lee wrote.
The full-scale launch of the Bakkt platform Bitcoin futures trading from Intercontinental Exchange Corporation (ICE) is scheduled for September 23 . Since September 6, investors have been able to make deposits .
In comments on Tom Lee's tweet, users were divided on how Bakkt derivatives would affect the price of bitcoin. For example, one of them drew attention to the fact that the subsidence of quotes of the first cryptocurrency coincides with the extension dates of bitcoin futures on CME, as happened this week.
CME contract rollover as well, maybe more impactful in near term pic.twitter.com/hWRX7DmEWE
– Josh Olszewicz (@CarpeNoctom) September 20, 2019
Recall that this month, the Binance cryptocurrency exchange launched two platforms for trading futures products.
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