The launch of the Bakkt crypto exchange is seen as a new opportunity to break the current downtrend and trigger a new bull run. The announced Bitcoin futures will not start in December, but in January of the year 2019.
All crypto investors are currently hoping for an event that will replace the negative trend and bring fresh capital into the market with new euphoria and hope. One reason for this is seen in the stat of the Intercontinental Exchange, owner of the New York Stock Exchange, “Bakkt“.
The launch of Bitcoin Futures has now been postponed to January 24th, 2019. The company states that this decision would provide additional time to better prepare corporate clients and other investors for the launch:
“ICE Futures US, Inc. will deposit the new Daily Futures contract of Bakkt Bitcoin (USD) on Dealing Day on Thursday, January 24, 2019, subject to regulatory approval. The new time frame for listing will give the client and the Clearing Member additional time before trading and storage of the new contract.”
The Bitcoin Futures from Bakkt (USD) should go live on the December 12th 2018 on the ICE. The Daily Futures contracts are the first opportunity to trade a “physically” crypto-futures product offered on a reputable regulated mainstream medium. The Bitcoin futures on the exchanges CME and CBOE will be paid out in cash (USD) after completion, so that no bitcoins change hands.
The Bitcoin price is still stumbling and has lost more than $ 1,000 in recent days, slipping to its lowest level since October of last year. Bitcoin continues to rank first among the largest crypto currencies in the world, currently priced at $ 4,546.02.