Bakkt which is a new cryptocurrency platform is on the verge of having its quest to deliver bitcoin futures physically approved by the US regulators. This is according to a source which spoke to THE BLOCK but begged to remain unknown.
Bakkt is a platform whose main goal is to make it possible for investors who have the aim of getting to know the world of cryptocurrency better to have a way to invest in an environment which is well regulated and managed. This platform planned to launch around Dec. 12.
Bakkt is a platform whose main goal is to make it possible for investors to have a way to invest in an environment which is well regulated and managed.
Once the regulators finally approved the proposal made by Bakkt, Bakkt would be delighted to finally start their selling their bitcoin futures (USD) to the various clients from the beginning of the next month. This was said by a source who allegedly has a direct contact with the various individuals who are involved in the situation.
The source went on to confirm that DV trading shop which is based in Chicago has already made arrangements to trade with the Bakkt brand.
There have been concerns that the new options which are now available in this market would lead to a reduction in the credibility level of the sector in general. This can be seen in the recent outcry from analyst Andreas over the concern which approval of bitcoin futures would have on the industry now or in the future.
It should be noted that the launch of bitcoin futures in their non-physical form took place when it was announced by the CBOE and CME corporations way back in 2017. However, success has been limited due to the increasingly volatile nature of the market especially close to the settlement dates.
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