on the crypto
Bakkt announced the launch of a warehouse: potential customers will be able to deposit and withdraw Bitcoins. Furthermore, there is great anticipation for the launch of the Bitcoin Futures (23 September 2019).
Bakkt Warehouse: the official launch
Bakkt has announced that it has obtained the latest regulatory approvals necessary for the launch of Bitcoin Futures.
"Today our warehouse opens for customers' bitcoin deposits and withdrawals as we prepare for the daily and monthly Bakkt & Bitcoin futures, starting September 23rd. The availability of physical delivery offers more flexibility in managing bitcoin exposure", The platform announced in a recent tweet.
The Bakkt Warehouse opens today
It is regulated by the New York State Department of Financial Services (NYDFS) as a Limited Purpose Trust Company, providing customers with a Qualified Custodian of bitcoin
- Bakkt (@Bakkt) September 6, 2019
Bakkt Warehouse, owned by the Bakkt Trust Company, was founded using all computer security protections, which support the most active markets around the world, including the NYSE.
"Thanks to the independence and governance requirements, Bakkt Warehouse has been designed to meet the highest standards of supervision.".
There are no official comments yet, but, as we could have foreseen, the Twitter community showed great approval.
Many community members believe that Bakkt's attack on the crypto market is of utmost importance for its future evolution.
It appears that the platform has already been successful: recent data show that some of the biggest Bitcoin investors have already initiated transfers in Bakkt portfolios.
Among these check in Glassno, a company that offers on-chain data.
Will Bakkt Warehouse impact on Bitcoin listing?
Over the last year, many analysts and investors have noticed that the launch of Bakkt Warehouse will act as a potential catalyst for the upward race of the Bitcoin listing.
Its launch will certainly not disappoint investors.
Today a Bitcoin has reached the price of 9.326,83 euro.
Bakkt ready to launch Bitcoin Futures
I bitcoin futures of Bakkt will be negotiated on ICE Futures US and cleared up ICE Clear US, which are federally regulated by the CFTC.
The Bakkt futures contracts will also be covered by the current guarantee fund with ICE Clear US.
Bakkt Warehouse acts as regulated bitcoin custody and is protected by a $ 125 million insurance policy.
Futures contracts settled in BTC “offer customers unprecedented regulatory clarity and security, as well as a globally accessible regulated exchange in a market underserved by institutional-level infrastructures", Emphasizes the CEO of Bakkt, Kelly Loeffler.
