Green Light for Bakkt Bitcoin Futures – Trading Starts on Sept 23

Bakkt Bitcoin futures finally got the green light

Finally, after more than a year of delay, the Bakkt Bitcoin futures get the green light from the American regulator CFTC and can officially start trading on September 23 . The Bitcoin price has risen by just under $ 400 in the minutes following the announcement, after being under heavy pressure in the last few days.

Will the Bakkt bitcoin futures cause BTC to surge?

For a long time, the launch of the ICE Futures US and ICE Clear US Bakkt Bitcoin futures has been long awaited and associated with a surge for crypto prices. While bitcoin’s rapid rise in 2017 was largely due to the appetite of retail investors, analysts and crypto enthusiasts are now hoping for institutional investors and major investors to come into the market. These have so far been deterred by the lack of legal certainty – invested money is not supposed to disappear suddenly due to a lack of regulation and scammers.

Crypto regulations are gaining momentum

While in many countries the regulation of cryptocurrencies is slowly gaining momentum (only last week New Zealand legalized wage payments in cryptocurrencies and Great Britain has submitted detailed regulations of the crypto market), the mills turn more slowly in the US…

After waiting for a long time the CFTC has finally approved the Bakkt Bitcoin futures and created regulatory guidelines for crypto investments. This process has been a long one and approval has been delayed a number of times.

Last tests and big expectations

The most significant difference to the CME Futures is that Bakkt Bitcoin futures are fully backed with BTC and thus physical demand is created for BTC. With rising demand for Bitcoin futures more BTC will be bought, which could positively influence the price of the cryptocurrency. Until the launch on September 23, Bakkt will bring more customers on board and conduct extensive tests.

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