Bakkt Announces Bitcoin Futures Contracts

Tue, 09/25/2018 - 14:52
Paul Hackley
The Wall Street-based company Bakkt made long-expected announce in the company’s Twitter its first physically delivering of the Bitcoin futures contracts
Cover image via U.Today

Wall Street firm Bakkt announced its first physically delivered Bitcoin futures contracts. The long-expected announcement was made in the company’s Twitter.

“Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract will result in the daily delivery of one Bitcoin into the customer’s account,” the company stated.

Earlier this year, the Intercontinental Exchange (ICE)– the owner of the New York Stock Exchange (NYSE), in cooperation with Microsoft, Starbucks and BCG, launched Bakkt to enable consumers to manage their digital assets in a more efficient, secure way.

About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.

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