Expected launch of Bakkt platform postponed to 2019
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Answer Expected launch of Bakkt platform postponed to 2019
It seems that the cryptocurrency markets will not attract the money of investment companies and Wall Street investors this month, after ICE announced the postponement of the launch of the expected Bakkt platform.
Today, ICE, the owner of the New York Stock Exchange (NYSE), announced that it will postpone the launch of the long-awaited Bakkt platform until at least January 24 of the new year.
The Bakkt platform, scheduled to be launched on December 12, will give major investors the opportunity to trade in future cryptocurrency products under a regulated system.
ICE stated that delaying the launch of the Bakkt platform will allow the company additional time to prepare for Bitcoin (BTC) storage and open the futures market.Read:Study: 33% of American Women Will Buy Cryptocurrency in 2022
The text of the announcement included: “ICE will list Bakkt Bitcoin – USD contracts for trading on Thursday, January 24, 2019, subject to regulatory approval. The new timeframe will provide additional time for us to onboard clients and start stockpiling new contracts.”Read:BlackRock Launches Bitcoin Price Index…Details Here
The crypto community expected that the launch of Bakkt would affect the crypto market positively and help catalyze the market rally at the end of the year, especially since Tom Lee recently predicted that the price of Bitcoin will reach 15,000 levels at the end of next month.
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