Tuesday , August 3 2021

Bakkt announces the launch of the American futures and custody platform on September 23. UU.

Bakkt has announced the next launch of its highly anticipated daily and monthly futures platform in the US in a blog post on August 16. After receiving approval from the required regulators, the launch is scheduled for September 23.

Bakk’s physically delivered futures have been the subject of much anticipation, and the company initially announced its launch in August 2018 before having repeated delays due to compliance issues. Meeting the Commodity Futures Trading Commission (CFTC) has been particularly challenging. The company began seriously testing on July 22, as Cointelegraph reported at the time.

According to the announcement, Bakkt has organized several events in New York and Chicago, critical cities for the US futures market. UU. They also met with the CFTC regulatory authorities as well as with the Securities and Exchange Commission (SEC).

Bakkt will partner with Intercontinental Exchange Futures U.S. and Intercontinental Exchange Clear U.S. to deliver their futures contracts.

Institutional services and custody have been a growing cryptocurrency market with the important U.S. Coinbase exchange. UU. announcing that the Xapo institutions were incorporated into its custody last night. Following the announcement, Coinbase CEO Brian Armstrong commented on the significant increase in institutional clients for crypto services, saying:

“If the institutions were to adopt crypto or it was not an open question 12 months ago. I think it's safe to say that we now know the answer. We see USD 200-400 million. Pr. Week in new crypto deposits from institutional clients. "

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