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Bakkt officially announces testing for Bitcoin futures

Bitcoin futures platform Bakkt has announced the launch of user testing for daily and monthly Bitcoin futures.

Futures platform Bakkt has officially launched the testing of the delivery of Bitcoin futures, according to a recent tweet.

, the long-awaited Bitcoin (BTC) futures platform from the Intercontinental Exchange (ICE), has begun testing the delivery of BTC futures, according to an official tweet on July 22.

The platform, backed by the Intercontinental Exchange (ICE), announced that user testing for daily and monthly futures contracts began yesterday.

Bakkt COO Adam White initially stated the launch of the testing in June, explaining:

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. This is no small step. This launch will usher in a new standard for accessing crypto markets.”

Comparing the launch of testing to the moon landing, White expressed the importance of the new endeavour:

“Bakkt may be a form of moonshot, but it’s grounded in an earthbound endeavor to support the future of finance and the adoption of blockchain technology. In its own way, Bakkt’s efforts to help institutions launch safely into this market is the right stuff for the future.”

Posted: Jul 23, 2019 Author: Becky Leighton Categories: Adoption