Bakkt prepares to launch its Bitcoin futures, here’s what we know

Bakkt is preparing to introduce its Bitcoin futures contracts. As the September launch date approaches more details have come to light.

Bakkt Bitcoin futures

Bakkt, a subsidiary of the Intercontinental Exchange (ICE), which owns the New York Stock Exchange, was granted approval from the U.S. Commodity Futures Trading Commission for crypto-settled Bitcoin futures. In addition, the firm received the green light from the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian that will provide secure storage for it client Bitcoin.

As a result, the Bakkt Warehouse custody recently opened to allow customers to deposit Bitcoin into their accounts and become familiar with the process.

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