We use cookies to improve your experience.

Trusted

Bakkt Launching Bitcoin Futures Contracts in December

1 min
Updated by Adam James
Join our Trading Community on Telegram

In Brief

  • The holiday season will be arriving sooner than you might have expected.
  • promo

New York Stock Exchange (NYSE)-backed cryptocurrency custodial platform Bakkt will be rolling out futures contracts for Bitcoin (BTC) as early as this year.

Right Around The Corner

At the beginning of August 2018, the Intercontinental Exchange (ICE) — a subsidiary of The New York Stock Exchange (NYSE) — announced it would be launching a cryptocurrency custody platform called Bakkt, which would be geared towards large-scale institutions and investors. The new Bakkt project will be led by CEO Kelly Loeffler and announced yesterday that the first element of its service, Bitcoin futures contracts, will be offered beginning December 12. The futures contract will be physically delivered. Bakkt

Institutional Investors Are Coming To Town

Bakkt has seemed to start a trend in the digital asset custody sector, which has seen other institutions and firms — like Fidelity and TD Ameritrade — follow suit by announcing a custody platform and digital asset exchange, respectively. The moves that these financial giants are making into the cryptocurrency space are a strong fundamental signal that Bitcoin is seeing its bottom levels, and could change the entire landscape of the market as we know it in 2019. Up until recently, there have been very few choices with limited features available to institutions looking to invest in the cryptocurrency market. Platforms like Bakkt will be able to offer insurance on invested funds and could attract investors with deep pockets from out of the woodwork — potentially helping push the total market cap into the trillions. Do you think institutional cryptocurrency custody platforms like Bakkt will be a factor in influencing upward movement in the market? Let us know your thoughts in the comments below! 
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Kyle-Baird.png
Kyle Baird
Kyle migrated from the East Coast USA to South-East Asia after graduating from Pennsylvania's East Stroudsburg University with a Bachelor of Science degree in 2010. Following in the footsteps of his grandfather, Kyle got his start buying stocks and precious metals in his teens. This sparked his interest in learning and writing about cryptocurrencies. He started as a copywriter for Bitcoinist in 2016 before taking on an editor's role at BeInCrypto at the beginning of 2018.
READ FULL BIO
Sponsored
Sponsored