Bakkt announced on Twitter that their first futures contracts of bitcoin is not far off. In August, the international stock exchange or ICE, the owner of the NYSE, new York stock exchange, has teamed up with Microsoft, Starbucks and BCG to run Bakkt. How will this affect the course of digital currencies?
Many experts around cryptocore believe that Bakkt will change a lot. Futures for bitcoin and altcoins have long been considered a catalyst for the market return to their former positions, and perhaps that will lift him to new heights.
Our first contracts will be physically delivered futures contracts of Bitcoin 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.
— Bakkt (@Bakkt) September 25, 2018
Ago when plan Bakkt was first announced NYSE, Microsoft, and Starbucks, CNBC analyst Brian Kelly expressed his assumption that such a step contributes to the exponential growth of digital assets.
“It’s big news. I think the market is completely underestimated. So let’s talk about why (Bakkt — approx. ed.) is the biggest news of the year for bitcoin. This paves the way for BTC-ETF. Last week I said you know what, I don’t think BTC-ETF gets approved. And guess what? ETF from Winklevosses was refused. Why? Because it was not regulated in the US exchange, and no control”.