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Bingo! It’s going to be the delightful news for bitcoin aspirants, perhaps all craziest bullish price forecasts come in their way.
The much-awaited budding venture of ICE is all set to go live. Well, its launch time for Bakkt is finally here.
As per the recent announcement of the company, Bakkt has managed to obtain all the approvals requisites from the authorized regulators and is all set to unveil its business on September 23rd. This also means that the company has been able to satisfy the Commodity Futures Trading Commission (CFTC) h which was one of the biggest challenges for the company to overcome for its physically delivered futures.
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. This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.
What’s cooking in bitcoin derivatives market: Bitcoin derivatives trading has received myriad interests following the spike in Bitcoin’s price.
Well, as per the recent twitter sources, Bitcoin’s new volume persuaded the futures market, CME bitcoin futures observe massive growth of 63.5k contracts traded in the recent past. On the other hand, CBOE, ahead of bitcoin’s stern bull run, announced to halt its bitcoin futures. The underlying price of bitcoin futures has recently regained the momentum to hit back above $5.25k and signaling the upside momentum on the ascending price curve.