BITCOIN, BLOCKCHAIN

Bitcoin Futures Platform Bakkt will Begin Testing in July

NEW YORK – Bakkt, Intercontinental Exchange’s bitcoin futures trading platform, has stated they plan to begin testing in early July 2019.

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The company is organizing the first test with ICE Futures U.S. exchange, as well as ICE Clear U.S. clearinghouse.

Kelly Loeffler
Kelly Loeffler

“In conjunction with our exchange and clearing partners at ICE, 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,” said bakkt ceo kelly loeffler.

Bakkt is also working with the U.S. Commodity Futures Trading Commission (CFTC) to resolve compliance and federal regulation matters.

In April, the company acquired Digital Asset Custody Company (DACC), a cryptocurrency custodian service company, to operate as a Qualified Custodian for cryptocurrency.

“AS WE LOOK TO SCALE AND SUPPORT CUSTODY OF ADDITIONAL DIGITAL ASSETS, DACC’S NATIVE SUPPORT OF 13 BLOCKCHAINS AND 100+ ASSETS WILL SERVE AS AN IMPORTANT ACCELERATOR, AND WE’RE PLEASED TO WELCOME MATTHEW JOHNSON, ADAM HEALY, AND THE ENTIRE DACC TEAM TO BAKKT.”

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