Bakkt The Most anticipated Bitcoin Futures Platform is about to go live sooner than you expect..
Bakkt was announced a year before, The reason why there is a lot of hype around Bakkt is that it is backed by ICE
The Inter-continental Exchange, an American company that owns NYSE (New York Stock Exchange) exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces .
Even Though Bakkt was announced a year before. It was not approved by the SEC (Securities and Exchange Commission) for a long period of time and the regulation was postponed a number of times.
But the good news is here,
Bakkt is now approved by the SEC and it is about to go live on SEPTEMBER 23, 2019.
Bakkt have specified a clear explanation of all the details in their ARTICLE
Unlike the other Bitcoin Futures,
Bakkt is Physically Backed by Bitcoin and not by fiat currency as said HERE
Bakkt said in a direct quote
" We are excited about supporting the future of digital assets at Bakkt. Until our launch on September 23, we’ll continue onboarding and testing with market participants. If you’re interested in trading the Bakkt Bitcoin Daily or Monthly Futures contracts, contact us at [email protected]. We look forward to continuing our work with market participants to bring more trust, access, opportunity and utility to digital assets. "
' The Commodity Futures Trading Commission (CFTC) have also approved Bakkt '
Bakkt will not only bring more liquidity to Bitcoin but it also helps in the long term regulatory approval for all sorts of Bitcoin products and services in the upcoming future. This is a huge Green Signal to Bitcoin and the Crypto Industry as a whole.
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