ICE postponed the launch of Bitcoin futures

Bakkt опять отложат, но биткойн выглядит по-бычьи.

ICE postponed the launch of Bitcoin futures

The world’s largest derivatives market operator Intercontinental Exchange (ICE) has announced the postponement of the launch of the Bakkt Bitcoin futures trading platform to January 24, 2019, subject to regulatory approval.

Derivatives trading was originally scheduled to begin on December 12, but the company believes the delay is necessary to give existing clients more time to prepare for new contracts. Kelly Loeffler, CEO of ICE, said they continue to work closely with regulatory agencies to approve the launch of Bakkt-based products that will become more affordable, efficient and regulated tools..

The operator says it will provide insurance for bitcoin in cold storage, and is currently working on strengthening security. «hot» wallets, because unlike CME and CBOE futures, the platform will allow you to trade «physical» coins.

ICE postponed the launch of Bitcoin futures

Analysts had expected the December launch of new crypto derivatives to provide a strong enough boost for the virtual currency market to grow by the end of the year. However, after the announcement, the recovery of the crypto market is likely to be delayed..

While the Intercontinental Exchange is completing the preparatory work, one of the largest European stock exchanges SIX Swiss Exchange plans to launch a crypto-ETP in the near future based on multiple coins.

text: Ivan Malichenko, photo: toosuoo, thetimes