The Bakkt Bitcoin Warehouse is here! Yesterday, on 06. September 2019, announced the Bitcoin futures exchange the scheduled Start of the Custody Services on Twitter.
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Bakkt – probably The most anticipated project in 2019
No other project provided in 2019 for more headlines in the crypto-media as Bakkt. The Bitcoin Futures contracts of the company that could bring fresh money in the market and the Bitcoin price to new heights to promote, to believe some of the market experts.
After the planned launch of Bitcoin Futures trading had to be postponed, because the approval process took more time, as the company took it on the 23. September be so far.
Bakkt starts with two Bitcoin Futures contracts
Bakkt will offer the first online platform for two types of physically delivered Bitcoin-Futures (Bakkt Daily and Monthly Futures contracts) in the United States. This is not the first Bitcoin Futures contracts on the market. However, it is the first to offer a physical delivery. Other exchanges such as the CME Group and the Cboe to offer both Bitcoin Futures with cash settlement.
According to a post by Bloomberg, the storage of the traded Bitcoin by the Bakkt Trust Co., the Bitcoin moves, at the expiration of Short positions to Long positions, which leads to the actual supply of Bitcoin.
As a preparation for the launch of Bitcoin Futures trading, launched Bakkt already yesterday to schedule the Warehouse Service, which allows customers with the process for deposits and withdrawals of Bitcoin prior to the Start of the Bitcoin Futures can become familiar.
Although Bakkt caused great enthusiasm among investors, could be heard no positive impact on the Bitcoin price. At the time of the article, Bitcoin traded at around 10.400 US$, which corresponds to a daily decrease of 3,04%.