The Bakkt bitcoin futures platform, still under development, should be launched in the 3rd quarter of this year. In any case, it is expected that this will occur at this particular time.
However, Bakkt still needs the New York Department of Financial Services (NYDFS) to approve a custodial storage service developed by the company in the form of a cold wallet that provides secure storage of private keys.
Getting NYDFS approval would give Bakkt permission to work as a trust company with disabilities.
As previously reported by Happycoin, the managing director and strategist of Fundstrat tweeted the post, saying that the company is confident in the relevance of its launch:
“It looks like there will be a lot of people willing to join the Bakkt platform on the first day of launch, while the sales team continues to build relationships with brokers, market makers and liquidity providers.”
Bakkt had to postpone launching several times, as the US Commodity Futures Trading Commission checked the platform for compliance with regulatory requirements and potential market impact.