Launch Timeline for Bakkt s Bitcoin Futures to Be Clarified Early 2019 ICE

 The Intercontinental alternate (ICE) introduced an replace on the launch of the Bakkt Bitcoin (USD) daily Futures Contract in an reliable observe Dec. 31.The file from ICE — the operator of the brand new York inventory alternate (NYSE) and creator of digital assets platform Bakkt — states that [f]ollowing session with the Commodity Futures buying and selling commission [CFTC] ICE Futures U.S. Inc. Expects to provide an up to date launch timeline in early 2019 for the trading clearing and warehousing of Bakkt s Bitcoin (BTC) futures contract.The record reiterated that earlier the firm had been targeting Jan. 24 2019 as a launch date but that the date will likely be amended pursuant to the CFTC s method and timeline. The announcement additionally outlines the particular nature of Bakkt s futures contracts pointing out The Bakkt Bitcoin (USD) everyday Futures Contract is a bodily-settled daily futures contract for bitcoin held in Bakkt Warehouse and will be cleared by way of ICE Clear US Inc. Each and every futures contract calls for supply of 1 bitcoin held in Bakkt Warehouse and will exchange in U.S. Greenback phrases. As Cointelegraph also suggested at present Bakkt has accomplished its first funding round raising $182.5 million from 12 partners and buyers.ICE at the beginning announced the intention to create an open and controlled international ecosystem for digital belongings powered by way of the Microsoft cloud infrastructure this previous August.The founder of Galaxy Digital — a crypto investment firm that invested in Bakkt — cited Bakkt s pending launch as one of the most enterprise developments that could aid flip across the downward trend in crypto markets this year.