BREAKING: Bakkt Announces the Launch Date of Bitcoin Futures

Libra Coin News
Fri, 08/16/2019 - 15:58
Alex Dovbnya
One of the most hyped crypto events of 2019 is just around the corner
Cover image via

Bakkt has announced that the launch of its physically-settled Bitcoin futures will take place on Sept. 23. The ICE-backed company has already secured an approval from the United States Commodity Futures Trading Commission (CFTC) and other relevant regulators.

To top that off, the exchange will also introduce its own custodian solution called Bakkt Warehouse, which adheres to the highest standards of oversight.’ This will provide institutional investors with top-notch security.

The Bitcoin price instantly went up by almost four percent on the much-anticipated news,  delivering a major blow to the bears. According to CoinMarketCap data, the top cryptocurrency is currently trading at $10,359 after enduring a severe sell-off over the past few days.

Image by CoinMarketCap

The Bitcoin community feels very enthusiastic about Bakkt since, as Anthony Pompliano puts it, it is an important piece of crypto infrastructure.

Meanwhile, crypto trader Josh Rager couldn’t resist the temptation to remind his followers that the bear market is over.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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