Bakkt will start accepting deposits on time

Representatives of the Bakkt platform confirmed that they began to accept bitcoin deposits on Friday, September 6.

The launch of trading in deliverable futures for the first cryptocurrency is scheduled for September 23. Bakkt claims to have been approved by the U.S. Derivatives Exchange Commission (CFTC).

The platform from the New York Stock Exchange operator Intercontinental Exchange (ICE) will offer:

  • day futures
  • monthly futures

They will be listed on ICE Futures U.S., and clearing will be provided by ICE Clear US. Bakkt will also provide margin tools to customers and provide contracts with a guarantee fund.

At the moment, it is not known what the pricing mechanism for Bakkt is, as representatives of the platform do not trust the data of spot markets. Note that the launch of Bakkt was reported in August last year, but the CFTC pulled with approval. Futures testing began in late July.

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