Bitcoin Forum

User acceptance testing for bitcoin futures custody and trading planned for July

In our recent post, Bakkt COO Adam White laid out our custody roadmap and how secure digital asset storage is central to our strategy. Today, we’re pleased to update you on the launch of bitcoin futures contracts developed by Bakkt in collaboration with ICE Futures U.S. and ICE Clear US. We’ve worked closely with the CFTC to develop contracts that both meet our customers’ needs for trading, transparency, and market certainty, and are also compliant with Federal regulations.


Read more : https://medium.com/bakkt-blog/bitcoin-futures-custody-bakkts-differentiated-approach-59b88d6984b5

The recent announcement from BAKKT on developments of their platform became one of the most visible factors why Bitcoin is right now on the upswing...or so says some analyst looking for the reasons behind the ongoing bull run towards the $10K level.  It is said that BAKKT can be the "absolute game-changer for the crypto market across the board" and one that can singly influence the whole market. This platform can help in bringing in big volume of institutional money to the cryptocurrency sphere. Seems to me that we are seeing now a flood of good news which further fuel the Bitcoin for more growth.

I wouldn't say Bakkt's news is the one driving this price run right now. If we recall it almost had that impact but in fact Bakkt and futures etc all came at a time when prices couldn't stop sliding. I think personally that Bitcoin has already found a way to just move up or down regardless of the industry news surrounding it.

They should also stop giving themselves deadlines because it keeps getting missed haha!