Bakkt Platform Began Testing Bitcoin Futures

Bakkt Platform Began Testing Bitcoin Futures

Bakkt platform announced the start of testing of bitcoin futures contracts, and testing will begin on both daily and monthly contracts.

On the Bakkt platform, futures will be placed, which will be traded on the ICE Futures U.S. site, and clearing will take place with the help of its own Intercontinental Exchange clearing house – ICE Clear U.S.

Bakktus will offer traders access to Bitcoin futures contracts with the ability to deliver an asset, which is different from those calculated in dollars on the CME and CBOE exchanges. In the case of delivery contracts, traders receive the asset itself, in this case bitcoins.

“All this work cannot be done quickly, easily and without cost. But we believe that the effort is worth it, “- stressed
Bakkt Operations Director Adam White (Adam White).

It is expected that after launching the platform, it will attract a significant number of institutional clients due to compliance with regulatory requirements. Note that the first tests have already passed successfully.

“Testing takes place as planned, participants connect from all over the world,” stated
Bakkt representatives on Twitter.

Earlier, Fundstrat Global Advisors managing director Sam Doctor (Sam Doctor) said that the launch of Bitcoin futures with physical delivery on the Bakkt platform should take place this quarter.