[Breaking] World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market

[peter0425]

Yes, its a welcoming news indeed. So let's see how this can potentially impact the market prior to the decision regarding the Bitcoin ETF proposal. Although its been 3 days and nothing significant or dramatic rise on the price. Perhaps everyone is really waiting for the VanEck/SolidX proposal to really get approved (hopefully) to see a good pump on the price.

[ClaytonLWils]

That's a really great news. The time is going bad for bitcoin. So i think these kind of good news is going to create positive effects on bitcoin.

[BlueSteel54]

It is really a big news and this kind of news proves that how popular bitcoin is and this kind of news helps all of us to predict the future of bitcoin ans it is a great lesson for the haters of bitcoin.

[elemosho.crypto]

I think its absolutely good news. Most likely going to produce additional liquidity in the market for expectantly lower volatility.Still tought about eft, even though some people are saying that the price of success is small.

[BitcoinFX]

...

But the most important part:

Bakkt will integrate with the ICE’s U.S. futures market and clearinghouse to list a physically-settled one-day bitcoin futures product, complete with physical warehousing managed in-house by ICE.

Now, this a real game changer!!
Unlike CME in which no real bitcoins are traded and the settlements are in $ this will be a lot more interesting, you'll have to come up with the coins!!!

...

Physically-settled seems preferential over Re-tender or Cash Settlement.

- https://www.investopedia.com/terms/p/physicaldelivery.asp

However, it is estimated that less than 2% of futures contracts are actually ever required to be delivered on - so it's still a liquidity casino.

Just buy actual Bitcoin instead folks.

[WindowsRepuX]

It's really great to hear the news. Finally Bitcoin is going to get something good. When two big companies work together, the likelihood increases in multiply. According to my knowledge it will be a Bakkt. I think it will be provide a good service.

[boolog]

Thats impressive news. Bitcoin apparently becomes mainstream when the biggest stock exchange is launching a bitcoin market.

[derekeaton]

Very interesting and good news for the world of cryptocurrencies, we will wait for further positive news

[Kprawn]

Am I the only person smelling a rat here? The website looks amateurish and the name    Looks like a late April Fools joke?

Well, the market has not reacted to this news, so I think they also think this is BS? Anyone know what the potential impact of

this will be, if this is true? {How many bitcoins would they need to buy to settle these futures contracts?}  

https://bcfocus.com/news/for-bitcoin-holders-ices-bakkt-a-reason-of-concern-wall-street-veteran/20376/

[so98nn]

At least some thing positive news about Bitcoin.
News from CCN....  World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market

Quote from CCN

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. 

Quote from CCN

ICE made the groundbreaking announcement on Friday, revealing that the new platform — Bakkt — has been developed in partnership with a variety of blockbuster names, including Microsoft, Starbucks, and BCG.

Bakkt will integrate with the ICE’s U.S. futures market and clearinghouse to list a physically-settled one-day bitcoin futures product, complete with physical warehousing managed in-house by ICE. This product will launch in November, pending regulatory approval.

"The bitcoin price saw moderate bump in the hours following the announcement, rising as high as $7,503 on Bitfinex after dipping as far as $7,282 earlier in the day." 

This goes on to show how long a way bitcoin and cryptocurrencies have come in general. Bitcoin being recognised as a mainstream asset will lead to a definite revival of interest and confidence in cryptos worldwide. It is a great news and a  bold move on ICE's part.

[moneyangel]

Finally, a good news for the whole cryptocurrency and this will give a boost on this bearish market that a big company in stock exchange will join the cryptomarket. I'm hoping that more investors will return to invest with this current development.

[jonloner011]

After all this is a really good news for crypto users based on this Bitcoin is suffering for price but now I think it will increase because of this many people will like to invest in BTC also it is a good sign for market.

[ShutterTeeth]

I think it will be a great thing for Bitcoin. It will increase the liquidity of the market and we can hope it can reduce the volatility of Bitcoin.

[chidrawarster]

This news is indeed a game changer !!! People losing trust in btc ,for them this is the biggest fact to be believed as btc is here to stand in the future as well.Stock exchange listing btc would actually create more liquidity and also maintain the stability in the price and also will move in a lagal way,hence making other forms of btc also making them move in a legalised direction.The main motto is here to control the volatality and then drive in a way for long term so that it will be treated as an asset legally as well. Good news for all of us .Cheers !!

[CorneliaMarket]

Wow that's amazing. Biggest stock exchange is going to launch bitcoin market. What can be better news for bitcoin in this bearish moment.

[Nanagyasi]

This is a great news to the crypto world. Some of such information can increase the acceptability of btc across the globe and we wish for more.

[cryptocrabs2]

It would be great if truly stock exchange operator launches bitcoin market. By taking this initiative bitcoin field will going to be super beneficial. There would be less liquidity here which is good for bitcoin’s future.

[waqarkahloon]

yes these news are in circulations every where but this thing have not effected price yet but we may see more price rise in future.

[kayakcrypto9875]

If this news is authentic then it is definitely a good one. The success rate of bitcoin will increase then and the volatile nature of bitcoin will be reduced at the same time.

[BTCPair1000]

Great initiative for current stock market. I am eager to see how bitcoin hits market after the launch. So far seems good as this will not try to dominate the present market policy. Best of luck.