Operations Director for Institutional Investors Disclosed Project Development Details
Testing of Bitcoin futures on the Bakkt platform starts on July 22, said the operating director of the company, Edam White. He argues that a product launch will lead to the emergence of a new standard in the digital money market and will attract institutional investors to the industry.
“Bakkt gives financial institutions a number of other benefits that they expect to gain in public markets,” said White.
According to him, the company adopts certain mechanisms to counter the main risks that prevent the wider spread of digital money. Among such threats are legal uncertainty and manipulation.
In mid-May, it became known that the testing platform will begin in the summer. The company allocated $ 35 million to cover the transactions that will pass through its clearing house.