Monday , May 10 2021

Bakkt announces the launch of the U.S. Future and Custody Platform on September 23. UU

Bakkt announced in a blog post on August 16 the next launch of his long-awaited platform for daily and monthly futures in the United States. After obtaining approval from the required regulators, the launch is scheduled for September 23.

Bakkt's physically delivered futures were exposed to great anticipation, and the company initially announced its launch in August 2018, before suffering repeated delays due to compliance issues. The meeting with the Commodity Trading Commission (CFTC) was particularly challenging. The company seriously began testing on July 22, which Cointelegraph reported at the time.

According to the announcement, Bakkt has organized numerous events in New York and Chicago, critical cities for the American market of the future. UU They also met with CFTC regulators as well as the Securities and Exchange Commission (SEC).

Bakkt will partner with Intercontinental Exchange Futures U.S. and the intercontinental interchange of Clear U.S. to secure their future contracts.

Institutional services and custody are a growing crypto space market, with an important US Coinbase exchange. The UU that announced last night the involvement of the Xapo institutions in the custody operation. Following the announcement, Coinbase CEO Brian Armstrong commented on the significant rise in institutional clients for crypto services, saying:

"If the institutions had adopted cryptocurrencies or the issue had not been raised twelve months ago. I think it's safe to say that we now know the answer. We see $ 200-400m a week in new institutional client crypto deposits. "

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