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.