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ICE Releases Date For Bitcoin Futures on Bakkts’ Platf...
Cryptocurrency News, News

ICE Releases Date For Bitcoin Futures on Bakkts’ Platform

News reaching us today states that the parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has finally announced the date for Bitcoin futures to be launched on its Bakkt platform.

The announcement made this week stated that Bitcoin (BTC) futures contracts will be available for trading on Bakkts’ platform by December 12th. Bakkt also used the opportunity to assure its clients that the futures contracts will be the first trading product to go live on the platform.

According to the source where we got this info from:

ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on Wednesday, December 12, 2018. The Bakkt Bitcoin (USD) Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt LLC , ICE’s Digital Asset Warehouse, and will be cleared by ICE Clear US, Inc. Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse , and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day.

Meanwhile, the source only stated that it would provide support for USD pairs only when they finally launch, but history had it that Bakkt, in about a month ago, took to Twitter that they would include GBP and EUR trading pairs upon launch. Below is the Twitter link for the post made by Bakkt last month:

Bakkt is a platform developed and funded by the Intercontinental Exchange (ICE), the parent of the New York Stock Exchange (NYSE). Bakkt is one of many institutional organizations from the legacy financial system to recently enter the cryptocurrency industry, but they are by far the most established and well connected. Coindaily reported earlier this month, Adam White, former Vice President and General Manager at Coinbase recently joined Bakkt as their chief operating officer.

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