The Significance of Bakkt Launching Its Bitcoin Futures Contracts After Challenges With SEC

We can call the US' Securities and Exchange Commission a lot of things, but fast is certainly not one of them. That turns out to be a somewhat good thing, however, as it gave them the time needed in order to filter the great from the bad ideas, especially where it relates to Bitcoin Futures.

According to the major investment company Bakkt, which took to Twitter to announce the good news, it is now officially ‘set to launch' the first of a wave of physical Bitcoin Futures contracts that have been approved by the SEC.

According to Bakkt's CEO, Kelly Loefler, the SEC certainly didn't waste that time they . had to consider the company's futures contracts. With the launch representing the first or what may be many futures contracts to come.

“Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun.”

“With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures,”

Loefler continues.

“This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide