eng.ambcrypto.com
Kelly Loeffler, the CEO of Bakkt, announced that the much-awaited institutional platform will be making its debut on September 23 of this year. The announcement was made after the platform received a green light from U.S Commodity Futures Trading Commission [CFTC], which the entire community has been waiting for since the start of this year. Notably, this news comes in right after the institutional platform announced that the testing of Bitcoin futures would begin in July.
The blog stated,
“Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures.”
“That vision will be realized on September 23 when Bakkt launches custody and physically-delivered daily and monthly bitcoin futures contracts in partnership with ICE Futures U.S. and ICE Clear US.
Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun.”