Supporters of Bakkt continue to grow weary of further delays to the Bitcoin futures ruling. The Commodity Futures Trading Commission (CFTC) confirmed last month the matter is under review, but their lack of urgency casts doubt over the probability of Bakkt’s launch in Q1 of 2019. However, developments at a rival futures exchange give hope that a positive ruling is imminent.
The philosophy behind Bakkt is to legitimize Bitcoin as a financial instrument. In short, by offering cryptocurrency to the world’s big financial institutions, the market will move away from a niche following into the mainstream. Kelly Loeffler, Bakkt CEO, said: