The institutional cryptocurrency platform Bakkt will begin testing its first product on July 22, chip-to-coin bitcoin futures (BTC), the company said in a blog on June 13.
Bakkt, which has suffered many delays due to various regulations since its first announcement in August 2018, will offer futures as the first product of a range of bids for which no details are yet available. available.
"On July 22, two days after the fiftieth anniversary of Apollo 11, Bakkt will begin user acceptance testing for its Bitcoin futures listed and traded on ICE Futures US and licensed to ICE Clear US," wrote the chief operating officer. The agent Adam White in a blog post, adding:
"This is not a small step, as it introduces a new standard for access to cryptography markets and, compared to other markets, Krypto's institutional ownership remains limited due to constraints such as market infrastructure and regulatory certainty. "
White compared the first landing on the moon in 1969, highlighting the hurdles the company had to overcome in order to be able to offer fully regulated cryptocurrency products to institutional investors.
This week, the data published on the future volume in Bitcoins of the CME group in May showed a record volume.
At the same time, CBOE, the leading supplier of Bitcoin futures, will offer more contracts when the latest futures contracts expire at the end of the month.
Unlike traditional platforms, Bakkt will fulfill its contracts with real bitcoins rather than currency.