The Bakkt exchange plans the launch of the first physical delivery Bitcoin (BTC) futures in July, finally setting a clear launch deadline after a series of delays. The long-awaited Bakkt exchange is seen as one of the avenues for BTC trading adoption for the world of mainstream finance.
The announcement arrived following a strategic partnership to ensure Bakkt has a reliable custodial storage solution for BTC. While interest in Bakkt was somewhat weak during the lows of the recent bear market, the recovery of prices revived the expectations that BTC trading would find mainstream adoption and attract institutional traders and investors.
“In conjunction with our exchange and clearing partners at ICE (NYSE:ICE), we’ll be w...