Bakkt Set To Launch Futures Platform for US users Sept. 23

On September 23, Bakkt will launch a futures platform for U.S. users. The announcement comes 13 months after Bakkt first sought approval from the Commodity Futures Trading Commission (CFTC).  

The regulatory go-ahead propels Bakkt into the burgeoning institutional services market for crypto, currently witnessing $1 billion/month in new crypto deposits.

Accordingly, they intend to be the first company to offer physically-settled futures contracts on the market. 

Bakkt is positioning itself for the institutional market in other ways as well.

Last week, the company launched an institutional Bitcoin custody service with a $125 million insurance policy.

If successful, Bakkt will dramatically increase institutional exposure to bitcoin and greatly improve crypto’s ability to go mainstream.

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