Bakkt delays Bitcoin futures launch to January

posted 5 months ago
The Intercontinental Exchange’s Bitcoin futures trading platform is delaying its product launch. Bakkt’s first product, which was first unveiled this past August, has been postponed to Jan. 24th, 2019. The platform explained that “the new listing timeframe will provide additional time for customer and clearing member onboarding prior to the start of trading and warehousing of the new contract.”

Bakkt CEO Kelly Loeffler said the “volume of interest” in the company and the “work required to get all the pieces in place” contributed to the delay. “As is often true with product launches, there are new processes, risks and mitigants to test and re-test, and in the case of crypto, a new asset class to which these resources are being applied. So it makes sense to adjust our timeline as we work with the industry toward launch.”
Tags: bitcoin, news