• 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.

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