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Jan 11, 2019
Bitcoin has taken another step back from the mainstream with the Bakkt Futures launch delayed again, as they are waiting for the greenlight from the Commodity Futures Trading Commission. The launch was previously set for January 24th, 2019. The new date will be announced later this quarter. The Bakkt Bitcoin Daily Futures Contract is a physically-settled daily futures contract for Bitcoin held in Bakkt Warehouse. The product will be launched on the Intercontinental Exchange, which also owns the New York Stock Exchange. This launch is seen as an opportunity to introduce more institutional and traditional market participants to Bitcoin as an asset class. In the meantime, despite the postponement, cryptocurrencies managed to realize an upswing as Bitcoin broke above $4000 and Ethereum realized a steady gain to the $160 level. Our expert, Alexander Geralis, the Chief Product Officer of cXchange, has discussed the Bakkt Futures Delay in his regular series with BloxLive TV, covering the below questions: