Topic: [2019-06-13]Bakkt Names Launch Date for Bitcoin Futures Testing (Read 178 times)
lots of big news in crypto these days. July has bakkt, august has the litecoin halving, these are all positive signs so the next few weeks are really the last chances for anyone who is still thinking about investing.
I wonder when the next launch date will be. It would be nice if Bakkt posted somewhere all the regulatory hurdles that they are jumping so that the public can see what the government is doing and making companies go through. Could be a use case for future companies looking to do something similar and cut down on the timeframes of these launches.
I am hoping that the team in BAKKT will share the many difficulties and lessons they experienced and learned when dealing with the government to make sure that the platform is fully compliant and that no legal hurdle remains for it to start operating. Anyway, let's hope that the opening of BAKKT can be a catalyst for more growth in the bitcoin market.
Most of us are skeptical about BAKKT because of many delays they had. This project used to be met with so much hype and kept delivering poor results months after months until they killed most of the hype. This is how you don't run a project campaign people.
You can't blame them entirely as the decisions lie on the government. They need to get a green signal first before they can start their business.
If they're free to decide when they'll start their exchange, they'd probably have done it months ago.
I will believe this when they show us the official approval from the SEC for them to do this. 
I have not seen any official announcement from the SEC that they approved this yet. 
I am a sceptic when it comes to institutional capital entering Bitcoin, because I believe that these ruthless investors will wreck Bitcoin's future. Several large institutional entities can also control and manipulate the price on a larger scale that Bitcoin whales are doing it now.
Let's hope I am wrong.
I have not seen any official announcement from the SEC that they approved this yet. I am a sceptic when it comes to institutional capital entering Bitcoin, because I believe that these ruthless investors will wreck Bitcoin's future. Several large institutional entities can also control and manipulate the price on a larger scale that Bitcoin whales are doing it now.
Let's hope I am wrong.
Most of us are skeptical about BAKKT because of many delays they had. This project used to be met with so much hype and kept delivering poor results months after months until they killed most of the hype. This is how you don't run a project campaign people.
Institutional investors are also overhyped. They will not throw everything into crypto only because BAKKT finally launched after delays and struggles. Those who want bitcoins already have them like JP morgan which didn't need BAKKT to trade.
So when the approval (or if?) is forthcoming, they'll launch easily and have the users ready to boot. Good news for the bulls at any rate.
I think they will really go for it. The way I understand how this approach works is that Bakkt will launch without an approval, but can only be prevented from launching when the CFTC steps in and puts a stop to it. If the CFTC doesn't move an inch, Bakkt will successfully launch and they can finally compete with the CME by offering real Bitcoin futures.
Bakkt has made some progress with their recent digital asset custody company acquisition. We'll see if that's enough or not, but I'm pretty confident in a launch.
I will believe this when they show us the official approval from the SEC for them to do this. I have not seen any official announcement from the SEC that they approved this yet.
I am a sceptic when it comes to institutional capital entering Bitcoin, because I believe that these ruthless investors will wreck Bitcoin's future. Several large institutional entities can also control and manipulate the price on a larger scale that Bitcoin whales are doing it now.
Let's hope I am wrong.
I have not seen any official announcement from the SEC that they approved this yet. I am a sceptic when it comes to institutional capital entering Bitcoin, because I believe that these ruthless investors will wreck Bitcoin's future. Several large institutional entities can also control and manipulate the price on a larger scale that Bitcoin whales are doing it now.
Let's hope I am wrong.
Strange thing is I would actually have agreed this were no small step IF they hadn't said it wasn't a small step haha. Pretty slick marketing there, to link to the 50th anniversary of "1 giant leap for mankind"... if not a bit vainglorious.
I suppose a trial means at least they're going to have a product. So when the approval (or if?) is forthcoming, they'll launch easily and have the users ready to boot. Good news for the bulls at any rate.
I suppose a trial means at least they're going to have a product. So when the approval (or if?) is forthcoming, they'll launch easily and have the users ready to boot. Good news for the bulls at any rate.
I wonder when the next launch date will be.
After few weeks of test maybe they'll announce an official date of the launch. Let's just hope that this test will give a positive result for Bakkt.Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13.
Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.
“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:
“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”
https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing
Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.
“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:
“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”
https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing
I wonder when the next launch date will be. It would be nice if Bakkt posted somewhere all the regulatory hurdles that they are jumping so that the public can see what the government is doing and making companies go through. Could be a use case for future companies looking to do something similar and cut down on the timeframes of these launches.
Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13.
Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.
“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:
“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”
https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing
Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.
“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:
“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”
https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing
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