Earlier this year, the Bakkt platform revealed that it has finally gained a license to support Bitcoin futures. Now, as of today, the platform has revealed that it will be offering “secure storage” to customers for their Bitcoin ahead of the launch of its futures on September 23rd.
As you may know, these futures will be a little different than most assets in the cryptocurrency space in that they’ll be physical, reports CoinDesk. This is a long time coming as well, with the decision having been delayed for months before this. What’s most notable about Bakkt’s futures is that they provide the actual amount paid in Bitcoin instead of the amount but just in fiat.
Of course, now that users can predict Bitcoin’s price and buy for it, we may see even more money heading into the digital asset. Speaking to the publication once was Kelly Loeffler, the CEO of Bakkt, who stated that their futures are “designed to provide a margined instrument. So when you think about transacting on the futures exchange you’re operating within a [federally] regulated exchange.”
