Bakkt Delayed Until Late January 2019
The futures trading platform launch is expected to be a crucial step for crypto currency to gain main stream and institutional adoption. The delay is a blow to the hopes of investors who were expecting BAKKT to pull the market out of the hands of the bears.
In an article published in Medium, Kelly Loeffler CEO, Bakkt said:
Given the volume of interest in Bakkt and work required to get all of the pieces in place, we will now be targeting January 24, 2019 for our launch to ensure that our participants are ready to trade on Day 1.
However Loeffler says the Bakkt™ Bitcoin Daily Futures contract and the Bakkt Warehouse will still be going ahead and they are working with regulators and the CFTC to ensure they «represent a critical shift in the evolution of crypto markets toward more accessible, useful, and regulated instruments.»
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