The long-awaited launch of cryptocurrency platform Bakkt will take place on September 23.
About this in his blog said the head Bakkt Kelly lefleur. A subsidiary of Intercontinental Exchange announced the receipt of the permission to creation of the trust from the Department of financial services of the state of new York. This permission grants Bakkt the opportunity to run their deliverable futures contracts for bitcoin.
In his blog, Lefler writes: “Our contracts have already received the green light from the CFTC through a process of self-certification and started testing the platform on the user level. With the approval of the Department of financial services of the state of new York for the creation of Bakkt Trust Company we will be able to store bitcoins for deliverable futures.
Futures contracts Bakkt would not rely on unregulated spot markets for pricing. Thus, our futures will become a transparent mechanism for determining the base price of bitcoin. The importance of this separation is emphasized by reports of substantial manipulative activity in the spot market and other problems, including inconsistent policies in the fight against money laundering and poor regulation of the industry.”