How Big Of An Impact Is Bakkt Launch? CEO Kelly Loeffler Gives Three Reasons Why It Is a Big Deal

    The crypto futures platform Bakkt, which is owned by the Intercontinental Exchange (ICE), has been finally launched. After a long series of delays, Bakkt’s CEO Kelly Loeffler commemorated the launch and explained why it was such an important event for the crypto industry.

    According to her, this is the first time in which the United States receives a physically-settled Bitcoin (BTC) futures contract. This was, to her, a gamechanger. Why? Because of three points, mostly.

    The first one was that now the product had a reliable and regulated infrastructure that would protect the investors, the second was that it would help in the adoption of this new technology and the last point was that it would help in the quick expansion of innovative methods for using digital assets.

    She also outlined that the company’s mission was to expand the investors’ access to the global economy via its digital assets.

    Loeffler believes that such a product with end-to-end regulation was a demand of the investors so that they could really start using digital currencies in their lives. This is why the company was built. To be an important milestone for the industry and to bring to the clients a transparent and regulated option that could support their desires to be a part of this emerging industry.

    Bakkt’s futures went live for trading yesterday, September 22. Now, the volume of trading its starting to go up and some people have compared it to when the Chicago Mercantil Exchange (CME) launched its own platform. At the time of this report, contracts were being sold at $9,992 USD each for 1 BTC.

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    Gabriel Machado
    Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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