ICE announces Bitcoin futures for Bakkt in September 2019

Tuesday 20 August 2019 11:55 CET | News

Intercontinental Exchange (ICE), a large exchange group, has announced its new cryptocurrency trading platform, Bakkt, is set to launch its trading in Bitcoin futures in September 2019.

The US-based Bakkt announced it would launch two physically delivered Bitcoin futures contracts, one monthly and one daily, on September 23, 2019, after nearly a year of regulatory delays, according to Fintech Futures.

Prior to this announcement, the company received a New York state trust charter through the New York State Department of Financial Services (NYDFS), following approval from the Commodity Futures Trading Commission (CFTC) which allows it to begin user acceptance testing.

The contracts, which are protected by USD 125 million in insurance, were a result of demands to ICE from Wall Street clients who typically trade ICE’s commodity, currency and stock index contracts.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Intercontinental Exchange, ICE, Bitcoin, exchange group, cryptocurrency trading platform, Bitcoin futures
Countries: World