ICE's crypto trading platfrom Bakkt has unveiled the date to start testing of physicially delivered bitcoin futures.. This was announced by the company in its official blog on Medium.
The first users will be able to try this solution on July 22.
Bakkt's Operations Director, Adam White, said that this event will be a new milestone in the history of the crypto industry. The platform is believed to lure large institutional investors and set new standards in the cryptocurrency market.
According to White, today cryptocurrencies lack of wide spreading due to complex and unreliable price determination mechanisms, highly possible immediate price drop.
It was stated that Bakkt would provide financial institutions with certain advantages that are currently available in a new standard for accessing crypto markets:
• block trades
• a fee holiday through the end of the year to encourage trading
• market maker incentive programs to encourage liquid markets
• and integrations with ISVs and regulated brokerage platforms
The market experts believe that the launch of Bakkt, the start of Fidelity, the advent of cryptocurrency on the Nasdaq and the approval of Bitcoin-ETF by US SEC can be the main driver of the market strengthening.
In fact, all these decisions are aimed at attracting institutional investors to the industry by providing them with a reliable way to invest in cryptocurrency - with government guarantees and reliable repositories from the giants of the global financial industry with a long history and experience.