Bakkt Bitcoin Futures Product Delayed Until Early 2019

 

 

 

The NYSE’s parent company, The International Exchange (ICE) has postponed the launch of its Bitcoin futures product on its upcoming Bakkt platform to Jan. 24, 2019, according to a public notice from the company.

Bakkt, which originally scheduled its Bitcoin futures product launch for Dec. 12, 2018, said that the new listing timeframe would give additional time for customers and clearing members to onboard the platform.

The new launch date is subject to regulatory approval, but once launched Bakkt will offer physically-settled daily futures contracts in US dollars — a product that is expected by many industry insiders to bring a new wave of institutional investment.

Author: Timothy Goggin

Timothy Goggin is an economic analyst with an interest in the application of moral philosophy and decentralized systems. He studied economics at the Business School at Victoria University of Wellington, New Zealand. His area of research is the consequential and moral dimensions of implementing digital currencies and the resulting synergies for consumers in the trading environment.

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