Bakkt , the Most anticipated Bitcoin Futures Platform is live.
Bakkt was announced a year before,
The reason why there is a lot of hype around Bakkt is that it is backed by ICE
The Inter-continental Exchange, an American company that owns NYSE (New York Stock Exchange) exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces .
Even Though Bakkt was announced a year before.
It was not approved by the SEC (Securities and Exchange Commission) for a long period of time and the regulation was postponed a number of times.
But the good news is here,
Bakkt is now approved and is live on SEPTEMBER 23, 2019.
Unlike the other Bitcoin Futures,
Bakkt is Physically Backed by Bitcoin and not by fiat currency as said HERE
Bakkt said in a direct quote
' The Commodity Futures Trading Commission (CFTC) have also approved Bakkt '
To be honest, Bakkt has not fulfilled the hype that it has got,
As of now The volume of Bitcoin traded using Bakkt Bitcoin Futures is 33
Bakkt will not only bring more liquidity to Bitcoin but it also helps in the long term regulatory approval for all sorts of Bitcoin products and services in the upcoming future. This is a huge Green Signal to Bitcoin and the Crypto Industry as a whole.
Bakkt is not a short term pump it is a long term fundamental step towards full scale adoption
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