ICE POSTPONED BAKKT LAUNCH TO THE END OF JANUARY 2019
The launch of the platform for trading of digital assets Bakkt, created by the operator of the New York stock exchange (NYSE), was postponed to January 24, 2019.
Intercontinental exchange (ICE), the operator of 23 world’s leading exchanges, including NYSE, for the first time announced the creation of Bakkt in August of this year.
Yesterday, the company published an announcement on the Medium resource, noting that “in light of the growing interest in Bakkt and the need to more thoroughly prepare for the start of bitcoin futures trading”, ICE decided to postpone the official launch of the platform for a month, until January 24, 2019. to “provide an opportunity for all market participants to start making deals on the first day.”
Bakkt CEO Kelly Loeffler added that the company is working on the launch of a new instrument in close cooperation with the US commodity futures trading commission (CFTC).
She said: “As is often true with product launches, there are new processes, risks and mitigants to test and re-test, and in the case of crypto, a new asset class to which these resources are being applied. So, it makes sense to adjust our timeline as we work with the industry toward launch.”
Earlier, the Intercontinental exchange (ICE), the parent company of New York stock exchange (NYSE), announced the launch date of trading bitcoin futures on the Bakkt platform-December 12, 2018.
It is worth noting that some Wall Street veterans warn that the “institutionalization” of bitcoin within Bakkt involves the introduction of the practice of partial Bank reservation.