That’s right, at long last, Bakkt is ready to launch its Bitcoin (BTC) futures contract. In an announcement made Monday morning, the Intercontinental Exchange (ICE)-backed company broke down the product, slated to be an absolute game-changer for the crypto market across the board.
Revealed Monday, Bakkt, the Intercontinental Exchange’s independent crypto initiative, will be launching its physically-backed futures contract in June. According to a Medium update from its chief executive, Kelly Loeffler, the product will take two forms: 1) a daily settlement future; 2) monthly futures. This confirms rumors that the platform was looking to launch a vehicle for a same-day market. Bakkt expects the soft launch of this product by July, explaining that it intends to iron out any kinks in the coming weeks.