Tanya Abrosimova
Independent Analyst
- The trading platform announced the launch date.
- Customers will be able to deposit their coins starting from September 6.
Bakkt, a cryptocurrency platform developed by the Intercontinental Exchange Corporation (ICE), has announced that it would start accepting Bitcoin deposits on September 6.
On Sept 6, our Warehouse will begin offering secure storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Daily & Monthly Futures when they launch on Sept 23. These contracts will enable physical delivery of bitcoin with end-to-end regulated markets and custody" the company announced.
It is expected that daily and monthly deliverable bitcoin futures will become fully available for trading on September 23.
Earlier in August, Bakkt's CEO Kelly Loeffler announced that the U.S. Commodity Futures Trading Commission (CFTC) gave the green light to the platform launch/
In addition, the Bakkt Trust Company LLC received a trust license from the New York Department of the Financial Services (NYDFS), which will allow the comoany to store Bitcoins of institutional clients. Their deposits will be insured for $125 million.
Contracts offered by the platform will allow market participants to bet on Bitcoin prices and receive payouts in cryptocurrency/ Notably, the traders of the existing regulated futures available on CME get only fiat equivalent of what they earned by trading Bitcoin futures.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Could a Solana ETF debut in 2025? Expert weighs in
Solana (SOL) made the rounds across crypto communities on Friday as key executives from VanEck and BlackRock gave contrasting views on the possibility of a SOL exchange-traded fund (ETF) launching in the US.
Cardano Price Prediction: ADA soars 18%, eyes $0.8104 following increased buying pressure and recent rumors
Cardano (ADA) is up 18% on Friday following rumors of the federal government leveraging its blockchain to build a blockchain-based election voting system.
Ethereum Price Forecast: ETH could stage 60% rally despite recent decline
Ethereum (ETH) is trading near the $3,000 psychological level on Friday, as its rising exchange reserve and declining network fees hint at potential reasons for its recent price decline.
EU’s strict screening measures signal a regulatory shift in crypto
The European Banking Authority (EBA) has released guidelines to enhance compliance for financial institutions, payment service providers (PSPs) and crypto asset service providers (CASPs) in the European Union (EU).
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.