Bakkt (Bakuto) version BTC futures trading may be approved by financial authorities (CFTC) in November!

The cryptocurrency payment platform Bakkt, which plans to offer physical delivery Bitcoin (BTC) futures, may receive approval from regulators as early as November, The Block reported.

Bakkt could obtain regulatory green light for Bitcoin futures next week

According to sources familiar with the matter, Intercontinental Exchange's Bakkt was able to secure the green light to launch Bitcoin futures products as soon as next week.

In recent years, the crypto platform Bakkt has been meeting frequently with regulators at the Commodity Futures Trading Commission to obtain product approvals. One source said regulators may approve so-called Bitcoin (USD) daily futures in early November.

Citation:The Block

What is the cryptocurrency payment platform Bakkt

Bakkt is a platform where consumers or financial institutions can seamlessly purchase, sell, store, and use digital assets.

Here, digital assets refer tocryptocurrenciesand it is an institution created to promote the adoption and expansion of cryptocurrencies.

※ Bakkt is not a cryptocurrency exchange.

Bakkt is established and operated by ICE (Intercontinental Exchange), the parent company of the NYSE (New York Stock Exchange).

Therefore, it can be said to have high credibility.

Bakkt announced on October 22 thaton December 12, 2018it would begin physically delivered Bitcoin futures trading.

What is physically delivered futures trading.........Continue here ⇩

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