Bakkt launches Bitcoin Futures test phase – The style, simple but elegant in the case of institutional investors increases
Home News Bakkt launches Bitcoin Futures test phase – The style, simple but elegant in the case of institutional investors increases
Marcus Misiak –
After months of Hype and regulatory setbacks, it is finally ready. Bakkt, the New York Stock Exchange, Microsoft and Starbucks supported crypto-currency to take, officially commences operations and starts with physically delivered Bitcoin Futures contracts.
As of today, the 22. July, has been testing the stock physically delivered Bitcoin Futures, which are one of the first products of this type to be regulated on the US markets. Currently, it is unclear, however, who will test the product or the manner in which the Futures – and depot solution is tested. Nevertheless, this development is a big step in the right direction for the crypto-currency market.
Bakkt confirmed the launch date for its test phase on a recently on the New York Stock Exchange, held by the Institutional Digital Asset Summit. The Cryptocurrency Startup has also confirmed that it will bring its Bitcoin Futures product until the end of the third quarter, entirely on the market, should operate during the test, everything went smoothly.
Fund new report published appeared to Bakkt
The market research and analysis-company Fund has released an Update occurred to Bakkt. Fund adopted entered into force on 18. July to the Institutional Digital Asset Summit of Bakkt part, as well as 150 investors and institutional service providers.
In the recent Twitter research report, published Sam’s Doctor explained his thoughts to the conference. Relying on the voices, which he collected at the conference, noted Doctors, that there are large “institutional anticipation” on the Bitcoin-Futures exchange. Doctors stated in the report:
As we have already written, eliminates Bakkt many of the obstacles to acceptance among traditional investors, who want to extend their mandate to crypto.
According to the Fund joined Bakkt expected for this quarter, a full boot with institutional clients:
The investors in the event are happy about the Start of Bakkt and the physically settled daily and monthly Futures contracts. There was a wide range of customers, especially with profound experience in the area of share/derivatives, including Prime Brokerage Services, institutional exchanges, and some of the largest Hochfrequenzhanels-companies preparing to enter the crypto currency market and an equally large impact want to.
There seems to be a critical mass of Adopters on the first day of the Bakkt-introduction of ready-to-use, with the sales team at brokers, Market makers, Prop Trading Desks [note: proprietary trading] and liquidity providers is gaining momentum.
The bottom line: There is a community of institutional investors and providers willing to port world-class systems from traditional asset classes, and markets in the crypto world. The introduction of Bakkt could be a huge accelerator for the growth of the market.
Doctors added that the sales team of the company begins to intensify discussions with all of the brokers and Market makers. He confirmed that the long-awaited introduction of the Bitcoin product, which will be for many institutions, a first taste of “physical” BTC, could be a huge catalyst for the growth of this emerging market, you should beat the Hype in concrete investments.
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