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.