The Intercontinental Exchange announced an update on the launch of the Bakkt Bitcoin Daily Futures Contract in an official notice Dec. 31.The document from ICE - the operator of the New York Stock Exchange and creator of digital assets platform Bakkt - states that "[f]ollowing consultation with the Commodity Futures Trading Commission [CFTC], ICE Futures U.S., Inc. expects to provide an updated launch timeline in early 2019 for the trading, clearing and warehousing" of Bakkt's Bitcoin futures contract.
The document reiterated that previously the firm had been targeting Jan. 24, 2019 as a launch date, but that the date "Will be amended pursuant to the CFTC's process and timeline."
"The Bakkt Bitcoin Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt Warehouse, and will be cleared by ICE Clear US, Inc. Each futures contract calls for delivery of one bitcoin held in Bakkt Warehouse, and will trade in U.S. dollar terms."
As Cointelegraph also reported today, Bakkt has completed its first funding round, raising $182.5 million from 12 partners and investors.
ICE initially announced the intention to create an "Open and regulated, global ecosystem for digital assets" powered by the Microsoft cloud infrastructure this past August.
The founder of Galaxy Digital - a crypto investment firm that invested in Bakkt - cited Bakkt's pending launch as one of the industry developments that could help turn around the downward trend in crypto markets this year.
Launch Timeline for Bakkt's Bitcoin Futures to Be Clarified Early 2019: ICE
gepubliceerd op Dec 31, 2018
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.