HomeCryptoBitcoinBakkt will test Bitcoin futures (BTC) in July

Bakkt will test Bitcoin futures (BTC) in July

Today the CEO of Bakkt explained that the tests on bitcoin futures (BTC) will arrive in the summer, namely in July 2019.

In a blog post, in fact, Bakkt CEO Kelly Loeffler explained that the company is working closely with the U.S. Commodity Futures Trading Commission (CFTC), the body that regulates derivatives in the country, and that the futures will be ready to be tested next summer.

“We’ll be working with our customers over the next several weeks to prepare for user acceptance testing (UAT) for futures and custody, which we expect to start in July.”

An effective launch date has not yet been revealed, but with this announcement, Loeffler has made it clear that the futures’ proposal could soon be accepted, although there are still no official confirmations.

Today, ICE also published two documents explaining when the new bitcoin futures will be certified, one with a daily maturity and one with a monthly contract.

Bakkt will give $35 million dollars of its own funds to cover any risks and also plans to provide custody service for BTC, in case it receives approval from the CFTC.


Amelia Tomasicchio
Amelia Tomasicchiohttps://cryptonomist.ch
Esperta di digital marketing, Amelia inizia a lavorare nel settore fintech nel 2014 dopo aver scritto la sua tesi di laurea sulla tecnologia Bitcoin. Precedentemente è stata un'autrice di diversi magazine crypto all'estero e CMO di Eidoo. Oggi è co-founder e direttrice di Cryptonomist, oltre che Italian PR manager per l'exchange Bitget. E' stata nominata una delle 30 under 30 secondo Forbes. Oggi Amelia è anche insegnante di marketing presso Digital Coach e ha pubblicato un libro "NFT: la guida completa'" edito Mondadori. Inoltre è co-founder del progetto NFT chiamati The NFT Magazine, oltre ad aiutare artisti e aziende ad entrare nel settore. Come advisor, Amelia è anche coinvolta in progetti sul metaverso come The Nemesis e OVER.