Bakkt has pushed back its bitcoin futures launch to 2019, but phase two is still on track-9.7

Bakkt, the cryptocurrency platform led by Intercontinental Exchange, announced earlier Tuesday that it would push back the start date for its bitcoin futures product to 2019.

But that doesn’t necessarily mean the project isn’t on track, a direct source told The Block. Bakkt, which was first announced in August, will begin trading a bitcoin futures contract in January, a month after the original target date of December 12. “Given the volume of interest in Bakkt and work required to get all of the pieces in place, we will now be targeting January 24, 2019 for our launch to ensure that our participants are ready to trade on Day 1,” CEO Kelly Loeffler, said in a Medium article.

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