The intercontinental exchanges Bakkt cryptocurrency platform could get an endorsement to release it’s physically delivered Bitcoin futures product from US regulators next week. This was revealed unconfirmed by an unknown source.
Bakkt seeks to create a “regulated ecosystem” for institutional investors planning to get more experience on cryptocurrency confirmed before to launch its futures product December 12th.
Should regulators give the project the green light, ICE’s bakkt will start launching its bitcoin (USD) daily futures contract for customers the first week of next month according to an anonymous source “with direct knowledge of the situation,” The Block says.
The unanimous source also told the publication that Chicago trading shop DV trading will trade Bakkt’s product.
Worries that non-custodians alternatives will detract from the industry’s credibility which have surfaced from cryptocurrency numbers specifically with crypto fan Andreas Antonopoulos cautioning them over the effects of regulators accepting bitcoin exchange-traded funds soon.