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The Intercontinental Exchange (ICE) announced an update on the launch of the Bakkt Bitcoin (USD) daily futures contract in an official statement on December 31st.
The document of ICE – the operator of the New York Stock Exchange (NYSE) and creator of the Bakkt digital goods platform – states that "[f]the subsequent consultation with the Commodity Futures Trading Commission [CFTC], ICE Futures U.S., Inc. plans to provide an updated launch timeline at the start of 2019 for trading, clearing and filing "of the Bakkt & # 39; s future Bitcoin (BTC) futures contract.
The document reiterated that the company had previously targeted 24 January 2019 as the launch date, but that the date "will be changed according to the process and timing of the CFTC".
The declaration also outlines the particular nature of Bakkt's future contracts, stating:
"The Bakkt Bitcoin (USD) Daily Futures Contract is a physically regulated daily futures contract for bitcoin held in Bakkt Warehouse, and will be approved by ICE Clear US, Inc. Each future contract involves the delivery of a bitcoin held in Bakkt Warehouse, and will change in terms of US dollars ".
As also reported by Cointelegraph, Bakkt completed its first round of financing, raising $ 182.5 million from 12 partners and investors.
ICE initially announced its intention to create an "open and regulated global digital resources ecosystem", powered by the Microsoft cloud infrastructure last August.
The founder of Galaxy Digital, an encrypted investment firm that invested in Bakkt, cited Bakk's pending launch as one of the industry's developments that could help reverse the downward trend of cryptographic markets. This & # 39; year.
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