Crypto News

Bitcoin futures from Bakkt will test today

Intercontinental exchange Bakkt today will begin testing two of its futures contracts.

Currently, the company plans to test two futures product: a daily MTC-futures and monthly futures contract. The firm plans to provide these contracts to investors in more than 30 countries.

Bakkt the project had encountered delays, although officially it needs to be completed by the end of this year,blow up rineke help bitcoin futures guide planned in early 2019.

In good faith trying to abide by the rules Bakkt since last year awaiting approval from the Commission on trade commodity futures U.S. (CFTC) to manage your exchange.

The company also recently acquired custodial company DACC in order to obtain the approval of the Department of financial services of new York (NYDFS). According to company representatives, futures contracts will be kept with custodian services Bakkt Warehouse, for which Bakkt must obtain permission of the NYDFS.

Despite the loud statements about “opportunities to provide an unprecedented level of investment in the cryptocurrency market by financial institutions”, most analysts still believe the launch of Bakkt will not have a significant effect on the price of BTC.

Source:forknews.io

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