According to a Tweet published today by the company, Bakkt Warehouse officially launched according to its plans revealed on August 28.
The launch of Bakkt Warehouse It occurs when the company prepares to launch its platform for daily and monthly BTC futures in the United States on September 23.
The platform will allow two types of Bitcoin futures physically delivered with custody and regulated end-to-end markets.
According to a portal report Bloomberg, Bakkt will be the first platform to offer physically delivered Bitcoin futures If it launches successfully.
Unlike Bitcoin futures settled in cash offered by the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE), Bakkt's physically liquidated futures will allow customers to receive payment in Bitcoin once the futures contract expires.
The Bakkt Warehouse operating platform
Once launched, the exchanges will take place on the futures platform managed by the parent company of Bakkt, Intercontinental Exchange (ICE), while the compensation will be settled through ICE Clear.
Meanwhile, custody will be operated by Bakkt Trust Company, which reportedly received a letter from the New York State Department of Financial Services to keep the crypto funds of customers in August of this year.
Similarly, Bakkt Warehouse will move Bitcoin from short positions to long positions at expiration, which will lead to the actual delivery of Bitcoin.
At the time of this news, Bitcoin has a value of $ 10,336.70 in the crypto market according to CoinMarketCap.
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