Crypto

Bitcoin Futures; Bakkt Announcement Propells Bitcoin Value

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The Bitcoin price currently marks a new high for the year at around $ 7,700. The market dominance of around 60 percent is also higher than it has been since December 2017. In addition to many positive news, which we have already analyzed in detail , currently the expectation of the Bitcoin futures from the stock exchange Bakkt is driving the prices to the north.

Today, we are pleased to update you on the launch of bitcoin futures contracts developed by Bakkt in collaboration with ICE Futures US and ICE Clear US https://t.co/8G3YcFbPl2

– Bakkt (@Bakkt) May 13, 2019

So today in a media post by Kelly Loeffler, CEO of Bakkt, was announced that we expect a trading start in July. Loeffler suggests that the cooperation with the US Commodity Futures Trading Commission (CFTC) has finally borne fruit. After all, the Bitcoin Futures have been in the application for several months. Nevertheless, she does not want to get involved in a final start date.

Thanks to Bakkt: Bitcoin Futures at a new level

The futures exchange Bakkt is an initiative of the large Intercontinental Exchange, a heavyweight in options and futures trading. Under this umbrella, two physically secured Bitcoin futures are to be offered for trading. The futures will come in two different forms. A version with daily settlement and one on a monthly basis.

The two products offer a new level of quality in crypto financial market products, which not only convince through high regulatory standards, but also promise liquid trading. Accordingly, the news is positively received in the already very bullish market.