After more than a year spent ensuring full compliance with the United States authorities, Bakkt, the first federally regulated platform for Bitcoin (BTC) futures trading, launched on September 23.
Conceived by the global trading giant Intercontinental Exchange (ICE (NYSE:ICE)) and counting a solid portfolio of investors from Microsoft’s venture fund M12 to Starbucks (NASDAQ:SBUX) as its backers, Bakkt offers institutional traders something brand new. The platform’s value proposition is physically-settled BTC futures contracts, combined with a sound custodial service approved by the Commodity Futures Trading Commission (CFTC).