Bitcoin Trading Platform Bakkt will be Live on Dec 12 with Bitcoin(BTC) Futures Trading

In a recent update, out from ICE Futures U.S ,  the new Bakkt Bitcoin (USD) Daily Futures Contract will be list for trading on Wednesday, December 12 and each Futures Contract will be a physically-settled daily futures contract for bitcoin held and will clear by ICE Clear US.


Initially Bakkt Bitcoin Futures can only trade against USD. Though in an earlier announcement made by Bakkt, the first contracts will offer USD,GBP and EUR pairing. As per CEO Kelly Loeffler, ” Bakkt will provide the first Federally regulated, physical delivery price discovery contract for the digital currency market”.

Backed by Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges, clearing houses, data and listings services,Bakkt, the new company intends to leverage Microsoft cloud solutions to create an open and regulated, global ecosystem for digital assets. It is working with a marquee group of organizations including BCG, Microsoft, Starbucks, and others, to create an integrated platform that enables consumers and institutions to buy, sell, store and spend digital assets on a seamless global network.

 

Bakkt, a platform designed to enable consumers and institutions to seamlessly buy, sell, store and spend digital assets. Formed with the purpose of bringing trust, efficiency and commerce to digital assets, Bakkt seeks to develop open technology to connect existing market and merchant infrastructure to the blockchain.