In a Medium post published on June 13, 2019, Bakkt COO Adam White stated that the institutional-grade cryptocurrency trading platform will begin testing its physically-settled bitcoin (BTC) futures from July 22, 2019.
Bitcoin Futures User Acceptance Testing to Commence in July 2019
In the blog post, White stated that Bakkt will begin user acceptance testing (UAT) of its physically-settled bitcoin futures from July 22. Notably, these futures will be listed and traded at ICE Futures U.S. and cleared at ICE Clear U.S.
White noted that institutional participation in the rapidly developing cryptocurrency space has been fairly limited until now due to external market forces like unclear government regulations and lack of market infrastructure. These factors clearly reflect in the…