Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients

Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Bakkt Warehouse,” with other “marquee firms” expected to join over the next few weeks. When it first launched, Bakkt was only…

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CME Group Publishes Bitcoin Options Specifications

In mid-September, the foreign exchange company CME Group announced the launch of options on its bitcoin futures contracts in Q1 2020, pending regulatory review. CME Group executive Tim McCourt said there was “increasing client demand” for the firm’s bitcoin derivatives and now the company has published specifications for the options products. Also Read: French Ministry…

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LedgerX Claims ‘Personal Animus’ Drove Ex-CFTC Chair to Stall Approvals

LedgerX executives claim the U.S. Commodity Futures Trading Commission (CFTC) is treating them unfairly – because of a blog post. According to two letters obtained by CoinDesk via a Freedom of Information Act (FOIA) request, LedgerX believes former CFTC Chairman J. Christopher Giancarlo was personally biased against the company, and improperly used his position to…

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Tom Lee: Bakkt to ‘Improve Trust With Institutions to Crypto’ in 3 Days

Bitcoin (BTC) and cryptocurrency will gain trust from the incoming launch of institutional trading platform Bakkt, a well-known analyst has said. More Praise For Bakkt In a tweet on Sept. 19, Fundstrat Global Advisors co-founder Tom Lee joined the increasing number of Bitcoin figures bullish about Bakkt’s impact on the space. The platform goes live…

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Institutional Cryptocurrency Interest Is Booming, Regulations Need to Catch Up

With institutional interest in crypto assets growing, crypto-specific projects and traditional finance companies alike have been ramping up their institutional offerings to cater to the needs of this specific client base. Though a lot of effort has been put into building secure infrastructure and solutions for financial institutions to enter the cryptocurrency field, unclear regulations…

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Bakkt Announces Warehouse for Physically-Delivered Bitcoin Futures

Cryptocurrency trading platform Bakkt has announced that its physically-delivered bitcoin futures will be informally open to customers next month.  On August 28, 2019, the platform took to Twitter to announce that Bakkt Warehouse, its qualified custodian arm, would begin providing storage services for customers on September 6, 2019, in anticipation of its forthcoming daily and…

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