ICE’s Bakkt Delays Bitcoin Futures Launch to January


The Intercontinental Exchange’s bitcoin futures buying and selling platform is delaying its product or service launch.

Bakkt, which was 1st unveiled this previous August, declared Tuesday that it was suspending the launch of its bitcoin futures trading to Jan. 24, 2019.

The platform explained that “the new listing timeframe will offer extra time for consumer and clearing member onboarding prior to the commence of buying and selling and warehousing of the new contract.”

Bakkt beforehand predicted launching its futures buying and selling up coming thirty day period, saying in a earlier see that it would launch the product or service on Dec. 12, 2018.

The new day is however topic to regulatory approval, indicating that the platform might not have received these kinds of approval nevertheless.

The platform beforehand declared it would launch bodily-settled bitcoin futures, that means clientele would acquire bitcoin upon the expiration of their contracts, instead than the token’s hard cash equal.

 

Investing platform image by way of Shutterstock

LEAVE A REPLY

Please enter your comment!
Please enter your name here