Cryptocurrency figures are putting renewed faith in Bakkt to lift markets after the company announced it was ready to launch Bitcoin storage.


Bakkt: Bitcoin Storage Starts Next Week

Bakkt, a cryptocurrency ecosystem for institutional investors, is currently testing its first product, physical Bitcoin futures. The main launch will begin next month.

As of September 6, the company confirmed on social media this week, clients will be able to deposit their coins. 

“On Sept 6, our Warehouse will begin offering secure storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Daily & Monthly Futures when they launch on Sept 23,” officials wrote on Twitter.

These contracts will enable physical delivery of bitcoin with end-to-end regulated markets and custody.

As Bitcoinist reported, Bakkt has seen multiple delays due to regulatory hurdles. This month, it said it had resolved those difficulties, and could now move forward with its futures plans unhindered.

Bakkt will offer physical futures contracts, meaning that the…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/bakkt-gains-favor-ahead-of-launch-as-bitcoin-users-say-hype-justified/