Futures Ethereum? Tips from Bakkt is open to the Altcoins


The delayed cryptocurrency of the Intercontinental Exchange "regulated ecosystem" Bakkt is already brooding over the future addition of altcoin, the company said on November 23rd.

Bakkt: we will consider non-bitcoin contracts

In a tweet, executives said they would consider "customer feedback" as one of the main motivating forces in deciding which cryptocurrencies to support in addition to Bitcoin.

Bakkt had seen December 12 as the launch date for his first product, physical Bitcoin futures, but last week abruptly postponed his debut at the end of January.

"We will consider further contracts as the landscape evolves and receiving more feedback from customers on what they want and need," wrote the tweet.

No specific goods were mentioned, while commentators continue to discuss the potential impact of the nascent platform on Bitcoin markets.


Days before the company confirmed the postponement, BTC / USD 00 it had begun to plummet to minimum levels that had fallen below $ 3700, representing a loss of nearly 40%.

The volatility, according to some, could have been due to the fact that the insiders knew in advance the decision Bakkt and sold their holdings that had previously accumulated based on the launch of December.

While the numerous Wall Street heavyweights are planning to offer institutional investors cryptocurrency tools, Bakkt remains the first to serve the market, triggering hopes that an influx of investments may reverse the bearish Bitcoin market.


Famous figures have supported that narrative. Investor Mike Novogratz, in particular, suggested that the BTC / USD would increase dramatically after several months of operation of services such as Bakkt's.

"By the end of the first quarter, we will bring out $ 10,000 and after that, we will be back to new highs – to $ 20,000 or more," he told Financial News at the start of this month.

Bakkt has not voiced concerns about its late launch, instead of framing the decision based on the need to get one's home in order to ensure seamless trade.

"Given the volume of interest in Bakkt and the work required to get all the pieces in place, we will now go to January 24, 2019 for our launch to ensure that our participants are ready to trade the first day," wrote the CEO Kelly Loeffler in an official announcement.

What do you think of Bakkt's position on altcoin? Let us know in the comments below!

Images courtesy of Shutterstock, Bitcoinist archives

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