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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US Exchanges Race to Launch Regulated Physically-Delivered Bitcoin Futures

The race to launch regulated physically-delivered bitcoin futures is back on for three US-regulated trading platforms after one of them hit a snag with the country’s derivatives regulator, the Commodity Futures Trading Commission. Two other exchanges are racing to launch similar products this year. Also read: SEC Commissioner: US Could Draw Crypto Policy From These…

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CME’s Bitcoin Futures Hit New Records

Ever since the Chicago Board Options Exchange (Cboe) announced it was ending its bitcoin futures products back in March, the Chicago Mercantile Exchange (CME Group) has seen a huge influx of bitcoin derivatives volumes. During the second week of May, CME’s bitcoin futures touched a milestone when it surpassed 33,000 contracts ($1.3 billion notional value)…

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ErisX’s Spot Market: More Institutional Participation and Regulatory Oversight Coming to Crypto?

United States-based cryptocurrency exchange ErisX recently announced the public launch of its spot market trading, a move that takes the company a step closer to its goal of being a one-stop shop for the trading of spot and futures contracts in a regulated environment. Per the information on its product page, ErisX will support dollar…

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ETF Tied to Bitcoin Futures Withdrawn After SEC Staff Request

Reality Shares ETF Trusts, a division of Blockforce Capital, is withdrawing an exchange-traded fund proposal that, if approved, would have included exposure to bitcoin futures. The move comes just days after the proposal for the Reality Shares Blockforce Global Currency Strategy ETF was first submitted to the Securities and Exchange Commission (SEC). According to a…

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Bakkt Completes First Round of Funding With $182.5 Million

Finance Intercontinental Exchange’s upcoming cryptocurrency trading platform, Bakkt, has raised $182.5 million from a dozen investors. The funds will help develop an institutional-grade regulated crypto exchange, clearing and warehousing services for physical delivery and storage. The company now expects to provide an updated timeline on launching bitcoin daily futures contracts in early 2019. Also Read:…

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NYSE Owner’s Bitcoin Futures Market Will Open in Mid-December

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), will list its highly-anticipated bitcoin futures contract in less than two months, on December 12. Known as a physically-settled daily futures contract, the contracts will be backed by actual bitcoins held in ICE’s Digital Asset Warehouse. According to a press release, each futures contract…

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