Bakkt postpones the launch of Bitcoin (USD) daily futures contracts to January 24

Bakkt is a global regulated ecosystem for digital assets, which was announced in August by Intercontinental Exchange. In October, ICE announced that Bakkt could begin offering physically settled bitcoin futures contracts on December 12.

But today, November 20, the Bakkt CEO Kelly Loeffler announced the launch of new Bakkt Bitcoin (USD) Daily Futures Contract was postponed to January 24, 2019, subject to regulatory approval.

The new listing timeframe will provide additional time for customer and clearing member onboarding prior to the start of trading and warehousing of the new contract.

“I’m pleased to announce that we have insurance for bitcoin in cold storage and are in the process of securing insurance for the warm wallet within the Bakkt Warehouse architecture. We are focused on every aspect of delivering an institutional grade crypto warehouse solution and believe this is a significant step in building confidence in this asset class,” – writes the CEO.

She adds that, starting with Bitcoin, the company will also consider additional contracts as the landscape evolves and as we receive additional customer feedback about what they want and need.

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