Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is likely to postpone the launch of the Bakkt cryptocurrency platform again. It is reported by CoinDesk .
According to the ICE November statement, the launch of the platform was scheduled for January 24, 2019 . However, ICE, which is the operator of Bakkt, has not yet received the relevant permits from the US Commodity Futures Trading Commission (CFTC). At the same time, the pace with which the agency is considering applications suggests that, most likely, the decision to launch Bakkt will not be made in the indicated period.
At the same time, this does not mean that the CFTC will not endorse the initiative. Thus, a source familiar with the situation said that January 30 is a very likely date for making an appropriate decision. Thus, the delay in launching the futures platform can be only a few days.
In particular, the Commission should give Bakkt the right to use its own infrastructure for storing user Bitcoin assets. Prior to this, the CFTC has always required users to keep their funds in banks, trust companies and other specialized organizations.
CFTC officials have already reviewed Bakkt’s request for an exclusive right to hold user assets. Now the Commission will have to vote for this proposal to be admitted to the public commenting stage, which will last 30 days. After completing this stage, the CFTC may take a few more days to review the comments and make the appropriate decision.
Earlier, BlockchainJournal published an article detailing the features of the Bakkt platform and its possible impact on the industry.
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