Bakkt begins user testing of Bitcoin futures

posted 3 months ago
ICE and Bakkt have started user acceptance testing of its Bitcoin futures product. However we still don’t have a date for the launch yet. Notably, they self-certified to achieve CFTC approval (by default).

However a vital part of the Bakkt product is the custodianship, and becoming a qualified custodian requires a permit from the New York State Department of Financial Services. So until this permit is received, Bakkt will probably not give a firm launch date. Bakkt Futures, and the influx of institutional investors they hope to bring, may not be happening in the near future.
Tags: bitcoin, news