Bakkt Company began accepting deposits and withdrawals on September 6, before the planned launch of the futures products on September 23. Bitcoin (BTC) deposited in the Bakkt Warehouse is protected by a $ 125 million insurance policy.
The Bakkt Warehouse is active for futures
Bitcoin deposited at our Warehouse is protected by a $ 125 million insurance policy
– Bakkt (@Bakkt) September 9, 2019
Bakkt took a lot of time and effort to obtain regulatory certification for its future physically delivered Bitcoin futures products. In the last year, the infrastructure behind the platform has been massively developed, and now the services are rolling out.
Barefoot Warehouse
The Bakkt custody service was launched on September 6, and the actual futures contracts will be launched on September 23.
The fact that the deposits are insured removes further concern for institutional investors that Bakkt hopes to attract.