Bakkt and BTC

Bakkt is a company designed to allow consumers and institutions to buy, sell, store and spend digital assets without problems. Its principle is to provide confidence, efficiency and commerce to digital assets, and also seeks to develop open technology to connect the existing market and commercial infrastructure to the block chain.

The company is the result of an alliance between Microsoft, Starbucks and the New York Stock Exchange (NYSE), and had announced future contracts for bitcoin that would be commercialized as of next December, however they reported that they were postponed until the end of the year. January of next year.

Recently its CEO, Kelly Loeffler, pointed out the efforts they have put in recent months in their product, which has resulted in characteristics to support their offer, and that by the interest that has been shown in Bakkt reprogrammed the release date for Ensure that participants can trade from the start.

They are also aware that any product launch brings new processes and immersed risks. It is also considering adding new contracts linked to other cryptocurrencies guided by the evolution of the market and the opinion of customers, as well as the inclusion of an insurance for cold storage of bitcoins.

On the other hand ICE Futures U.S.resalta that will list the new bitcoins daily futures contract for trading on Thursday, January 24, subject to the approval of the regulator. So the brokerage house explained that the contracts will be 1 BTC in exchange for US dollars.

It was previously announced that the ICE and Bakkt contracts would be the first to be settled in BTC of the United States, that is to say, the real asset will be delivered, which differs from the bitcoin products offered by other companies that settle in cash.