Connect with us


The launch of the institutional Bitcoin platform Bakkt is postponed until 2019



The launch of the Bakkt cryptocurrency platform, the first products of which should be Bitcoin futures contracts with physical delivery of the asset, will take place no earlier than January 24, 2019. This was announced today by the platform operator Intercontinental Exchange (ICE), CoinDesk reports .

Earlier, ICE said that the launch of this crypto-currency-oriented platform for large investors will take place on December 12, 2018, but now this date has been rescheduled.

"ICE Futures US, Inc. will post a listing of the new Bakkt Bitcoin (USD) futures contract for trading on Thursday, January 24, 2019, after approval by the regulator. New terms of listing will allow for more time to customers and market participants, carrying out the function of clearing before you start trading and storage assets on a new contract, "- said in today's statement of the company.

It is possible that the delay is associated with obtaining the necessary permits from the regulators. Earlier, ICE reported that it would receive such approval in early November.

Bakkt CEO Kelly Leffler, however, claims that the reason for the delay was "the level of interest" in the company and "the work that needs to be done to put all the elements together."

“As is often the case with product launches, new procedures, risks and mitigations have been identified that require repeated testing. In the case of cryptocurrencies, we are dealing with a new class of assets for which we need to allocate appropriate resources. Thus, it makes sense to change the deadlines, while we are working with representatives of the industry on the upcoming launch, ”said Kelly Leffler.

Subscribe to BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">