ICE Bakkt expected to commence futures tests

Posted 22 July, 2019

The ICE's platform Bakkt is likely to launch bitcoin futures trials today with the 100% start of operations expected till Q3 2019. 

The project reportedly remains attractive even despite numerous startup postponements, as commented market analyst from Fundstrat Global Advisors Sam Doctor during the Bakkt Digital Asset Summit.

It was mentioned that the company is going to offer the pioneering product in the USA and thus has already generated a sufficient number of institutional investors that want to join the game once Bakkt opens its "doors'.

Sam Doctor stated on Twitter:

"We think #Bakkt could be a huge catalyst for institutional participation in the #crypto market. Here are our takeaways from the Bakkt institutional summit yesterday at the NYSE "

At the same time, COO Bakkt Adam White stated earlier that offering of bitcoin futures would bring new standards for the industry. 

That time, he said in the press release:

"On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US. "

For reference, Bakkt is expected to offer two types of futures – daily and monthly with risk management and backing to come in line with the standards of the traditional derivatives market.

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