Intercontinental Exchange’s Bakkt made big headlines when it announced in August that it would gatecrash the cryptocurrency world with a platform to trade bitcoin futures.
But little has materialized for the firm in 2018. The bitcoin futures platform was originally planned for December 12, but the start date was pushed back to 2019. Then on December 31 the firm said it would announce a new launch date at some point in early 2019. Sources tell The Block that regulatory hurdles are behind the delays. Still, behind the scenes the firm was working on finalizing a massive $182.5 million fundraise, which it announced Monday. It has also made a number of key hires.