Bakkt is Cleared to Launch and Plans to Launch Sept 23rd

Bakkt officially announced they are cleared to launch and plan to launch physically-delivered daily and monthly bitcoin futures contracts on Sept 23 2019.

This long awaited event, which has been postponed many times, marks the first time physically-delivered bitcoin futures will be sold in the US.

Physically-delivered means contracts are closed in physical bitcoin held by the trader who exercises the contract (this is different than CME and CBOE futures which are both cash-settled; i.e. contracts settle in cash).

Further, the custody solution is a rather big deal, because this means not only will Bakkt handle all the bitcoin behind the futures, they will also provide a platform for holding bitcoin for institutional investors.

See the official announcement by Bakkt CEO Kelly Loeffier, “Cleared to Launch.”

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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