Bitcoin Climbs as Intercontinental Exchange Debuts Future Contracts

23.09.2019 - Petr Mazaylo
Bitcoin Climbs as Intercontinental Exchange Debuts Future Contracts

Bitcoin Climbs as Intercontinental Exchange Debuts Future Contracts

Bitcoin prices climbed in Asia as Bakkt’s much anticipated Bitcoin futures trading has officially launched on the Intercontinental Exchange (ICE).

Bakkt, the Bitcoin futures and digital assets platform, is offering a daily contract as well as a 30-day future which will be products of ICE, operator of the New York Stock Exchange.

“This contract is squarely designed for institutional participants,” said Adam White, Chief Operating Officer of Bakkt. “The combination of regulated trading with custody is what sets the ICE approach apart.” he said.

News of the Bakkt’s launch was first reported over a year ago. According to reports, the platform experienced multiple delays amid regulatory concerns from global regulators.

Bakkt announced in August that approval was finally secured from the U.S. Commodity Futures Trading Commission.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?