Tag: bakkt

cryptocurrency news

NYSE Owner-Backed Bakkt Launches Futures Trading

Bakkt, the bitcoin futures platform backed by NYSE owner ICE, launched trading for its contracts yesterday evening. The first bitcoin contract was traded on the platform at 8:02 pm. During the first hour, three Bitcoin were traded on the exchange. As of this writing, 53 monthly contracts for bitcoin have exchanged hands, forecasting a price lower than $10,000 for the cryptocurrency next month. Bakkt is … Continue reading NYSE Owner-Backed Bakkt Launches Futures Trading

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cryptocurrency news

Bakkt Releases Margin Details For Futures Contracts

Bakkt, the futures platform backed by NYSE owner ICE, has released margin details for its daily and monthly contracts. The contracts begin trading on Sep. 23. Investors hedging its daily and monthly futures for hedging are required to put up a margin deposit of $3,900 while those using its futures products to speculate on the cryptocurrency’s price movement are required to deposit $4,290 before they … Continue reading Bakkt Releases Margin Details For Futures Contracts

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cryptocurrency news

NYSE Owner Backed Bakkt Announces Sep 23 Launch

The long-awaited launch of Bakkt, a cryptocurrency futures platform backed by the owners of NYSE is finally happening on Sep 23. Bakkt offers the world’s first physically-settled futures contracts and was initially scheduled to launch during the last quarter of 2018. But a slew of problems with approvals for its services delayed the launch. The futures platform has self-certified its contracts and recently received approval … Continue reading NYSE Owner Backed Bakkt Announces Sep 23 Launch

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cryptocurrency news

LedgerX Clarifies About False Bitcoin Futures Announcement

So why did LedgerX lie about offering Bitcoin futures to retail customers? Apparently, it was the result of misunderstanding and confusion. Juthica Chou, chief operating officer at the company, implied to online publication Coindesk (which first broke the story) that they thought they’d been cleared to proceed with offering futures because the CFTC had not objected to their application. ““We filed on Nov. 8 and … Continue reading LedgerX Clarifies About False Bitcoin Futures Announcement

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cryptocurrency news

Bakkt May Launch in Q3 2019: The Block

NYSE owner ICE-backed Bakkt could launch its crypto trading and custody platform during the third quarter of 2019, according to a report in online publication The Block. The platform is still awaiting clearance from the NY Department of Financial Services. The approval will enable it to open the doors on the Bakkt Warehouse, a limited-purpose trust firm that will be a custodian for physical bitcoin … Continue reading Bakkt May Launch in Q3 2019: The Block

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Fidelity’s Crypto Arm Files For Trust License

Fidelity Digital Asset Services (FDAS) has applied for a Trust License in New York. The license will enable FDAS to provide storage and trading solutions for digital assets. Arthur Long, a lawyer with law firm Gibson Dunn, told online publication The Block that the trust license is more “expansive” as compared to BitLicense, New York’s license for crypto firms. “A trust license allows a firm … Continue reading Fidelity’s Crypto Arm Files For Trust License

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cryptocurrency news, regulation

Bakkt Begins Testing Futures Contracts Today

Bakkt, the ICE-backed bitcoin futures exchange, begins testing of its bitcoin futures contracts today. The exchange plans to offer a monthly and a daily contract to users. The futures contracts will be physically-settled on delivery. Up until now, most exchanges have offered cash-settled bitcoin futures contracts to allay investor fears about the cryptocurrency’s regulatory status and volatility at underlying cryptocurrency exchanges. A report earlier this … Continue reading Bakkt Begins Testing Futures Contracts Today

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ICE-Backed Bakkt Will Begin Testing Bitcoin Futures On July 22nd.

Institutional cryptocurrency exchange Bakkt, which plans to introduce the first physically-delivered Bitcoin contract in futures markets, is planning to begin user-acceptance testing on its software on July 22nd. This means that users will have access to its software and can begin trading futures on that date. For all practical purposes, it can be likened to a launch of its futures exchange. In a Medium post, … Continue reading ICE-Backed Bakkt Will Begin Testing Bitcoin Futures On July 22nd.

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