the Bakkt, the Intercontinental Exchange (ICE) planned to trade space for digital Assets, has completed the first round of financing. The investors, which include Microsoft and the Boston Consulting Group, support the project with about 182 million U.S. dollars. Bakkt would like to physically offer deposited Bitcoin Futures, the first of its kind.
By Christopher clover
At the 2. January 2019ShareFacebookTwitterLinkedInxingemail
2019 could start for Bitcoin with a Bang. The ICE launched Bitcoin stock exchange Bakkt could collect 182,5 million dollars from investors. The confirmed by Kelly Loeffler, CEO of Bakkt, at 31. December, in a Post on Medium. Among the twelve donors, including Microsoft, the Boston Consulting Group and Pantera Capital. You will work closely with the U.S. securities and markets authority Commodity Futures Trading Commission (CFTC) to provide a secure regulatory environment for Bitcoin Futures, Loeffler. The goal is to facilitate institutional entry in the crypto-Space:
“Our current work is focused on the promotion of institutional access to digital Assets, as well as the use by merchants and consumers, and we build on this Vision and together working with a big company like Starbucks.”
Originally, should be physically deposited Bitcoin Futures already in December 2018 on the market. However, the date was moved up with the vague justification that they wanted to offer from the first day of a working product – which required further Tests. As a next appointment, heading Loeffler in November the 24. January 2019. In your Post from 31. December no more talk of it was. We may want to not again out on a date nail.
The last word of the CFTC
when the physical Bitcoin Futures on the market, now is already in the hands of the CFTC. Bakkt has submitted all appropriate applications. The experience teaches that even in the USA, the regulatory mills are grinding slowly. From the entrance of institutional investors, many promises of a rejuvenation for Bitcoin & co., to lead the crypto-Space to more legitimacy. Whether it is in the spirit of the institution is critical in Bitcoin White Paper is to facilitate this admission, however, must be with a big question mark.
