plans to roll out testing for in early July 2019, Bakkt CEO Kelly Loeffler announced in a on May 13.
First in August 2018, institutional Bakkt now announced that it will soon introduce futures testing on a federally regulated futures exchange in collaboration with its parent company Intercontinental Exchange (ICE).
Specifically, Bakkt is working with both ICE Futures U.S. exchange and ICE Clear U.S. clearinghouse to prepare the first testing of futures and custody. Loeffler wrote:
“In conjunction with our exchange and clearing partners at ICE, we’ll be working with our over the next several weeks to prepare for user acceptance testing (UAT) for futures and custody, which we expect to start in July.”
Along with the announcement, the company also reported that it was working closely with the Commodity Futures Commission in order to be compliant with federal regulations, as well as to meet major requirements in terms of investors protection.
As such, the ICE Futures U.S. filed with the CFTC through to get a regulatory approval for offering two major types of futures contracts such as and .
In late April, Bakkt crypto custodian service Digital Asset Custody Company (DACC), also announcing that the firm filed with the New York Department of Financial Services to operate as a trust company to serve as a Qualified Custodian for digital assets.
Most recently, Reuters an article alleging that the ICE took advantage of the “crypto winter” of 2018 purchase crypto assets at a discount for its Bakkt platform.
Published at Mon, 13 May 2019 16:50:02 +0000
