The world’s largest futures market operator Intercontinental Exchange (ICE) announced that cryptocurrency platform Bakkt will be launched on December 12, and the first product on the market will be futures on the bitcoin physical delivery of the asset.
It is reported that they will be provided bitcoins in the vault digital asset ICE — Digital Asset Warehouse. Clearing contracts will be implemented by the division exchange to Clear US, which in fact is the owner of the new York stock exchange.
“Each futures contract will equal one bitcoin stored in the repository of digital assets Bakkt, and the trading will be in US dollars”, — said the representatives of the ICE.
Note that launching the platform Bakkt scheduled for November. Although the reasons for the delay were not disclosed, it is likely that this is due to the approval of the Commission on trade commodity futures U.S. (CFTC).