It’s Official: Bitcoin Futures Platform Bakkt Going Public at $2.1 Billion Valuation
Bakkt has officially announced that it will go public after completing a merger with the special purpose acquisition company VPC
Bakkt is a Bitcoin futures trading platform oriented toward institutional investors. It was launched by the Intercontinental Exchange (ICE), which also operates the New York Stock Exchange (NYSE) on September 23rd, 2019.
The platform offers physically and cash-settled Bitcoin futures contracts, as well as options. Its warehousing solution is regulated and overseen by the CFTC, which provides institutions with an opportunity to receive exposure to Bitcoin’s price without worrying about its safekeeping.
Moreover, Bakkt worked closely with the Commodity and Futures Trading Commission (CFTC) in order to develop Bitcoin futures contracts which are transparent and appropriate, but also compliant with the existing Federal legislation.
The core product of Bakkt is the physically-settled Bitcoin futures contract. At the end of the expiration period of this contract, the trader will receive an actual bitcoin, rather than its cash equivalent. This is supposed to introduce more liquidity and stability on the market.
There are two types of these Bitcoin futures contracts. The first ones are settled daily, enabling users to trade in a same-day market. The other one is settled once a month and follows a larger price curve.
Bakkt has officially announced that it will go public after completing a merger with the special purpose acquisition company VPC
While Bakkt's former CEO has officially lost her Senate seat, the company is reportedly in talks for a merger that
Today, Bakkt’s bitcoin futures market registered a new all-time high with almost 16,000 contracts traded during the day. The figure
Bitcoin futures are hitting new highs in terms of monthly contracts sold as the asset finally breaks out of its
The notional value of Bitcoin options contracts set to expire tomorrow has reached a new record by exceeding $1 billion.
Bakkt, the Bitcoin derivatives trading and custody platform owned by the Intercontinental Exchange (ICE), has partnered with the investment management
Bakkt, the Bitcoin futures contract platform of the Intercontinental Exchange (ICE), has partnered with an insurance broker to increase its
David Clifton was recently appointed Interim CEO of Bakkt by the board replacing previous CEO Mike Blandina who has only
Bitnomial is the latest cryptocurrency exchange to receive the green light from the US Commodity Futures Trading Commission (CFTC) for
President Donald Trump appointed the Former CEO of Bakkt and current Senator of Georgia, Kelly Loeffler, to the White House’s