10 September, 2019
The regulated platform of physically delivered futures ICE's Bakkt has announced an opening of its crypto storage service Bakkt Warehouse. The notice was made by Adam White in the company's blog yesterday.
According to the available information, the platform started accepting deposits a few days ago. At the same time, trading of the first regulated delivered futures in the market is slated for September 23.
Notably, the company spokesperson stated that Bakkt managed to get all required regulatory approves from the US Commodity Futures Trading Commission.
"With the launch of the Bakkt Warehouse last week, I’m reminded of the role that innovation and technology play in shaping the financial industry. Looking forward, I’m excited at the role Bakkt will play in the coming years as we establish greater access, transparency and utility for bitcoin and other digital assets," said Adam White.
Daily and monthly contracts will be listed on ICE Futures US and cleared by ICE Clear US.
Bakkt has once again highlighted that its Bakkt Warehouse is secured by $125 million, which is expected to lure many institutional investors.
Besides, there are rumours that the platform can also launch a mobile crypto wallet Bakkt Pay in the near term.