US regulators may approve Bakkt Bitcoin futures trading as early as next week

25 Oct, 2018
by Richard Allen
Rumor
US regulators may approve Bakkt Bitcoin futures trading as early as next week

According to an unconfirmed report by The Block, Intercontinental Exchange’s (ICE) cryptocurrency platform Bakkt could go live and launch its Bitcoin Futures products as early as next week.

The exchange had previously confirmed that it was planning to launch its futures products on December 12. The platform has been meeting with regulators from the Commodities Futures Trading Commision in the hope of having its product approved. However, according to an unnamed source “with direct knowledge of the situation”, the regulators could approve the Bitcoin (USD) Daily Futures Contract by the first week of November.

The source has also stated that DV Trading, a trading shop based in Chicago, will trade Bakkt’s product.

A recent report by CME has shown that the trading of Bitcoin futures has risen by 41% from Q2 of 2018 to Q3, with predictions that the trend will continue.

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