After months of anticipation, Bakkt, the crypto platform owned by Intercontinental Exchange (ICE), announced earlier today that it would commence user acceptance testing for physically-settled Bitcoin futures products and trading in July. The announcement made via a Medium post by Bakkt CEO Kelly Loeffler reads:

“Today, we’re pleased to update you on the launch of bitcoin futures contracts developed by Bakkt in collaboration with ICE Futures U.S. and ICE Clear US. We’ve worked closely with the CFTC to develop contracts that both meet our customers’ needs for trading, transparency, and market certainty, and are also compliant with Federal regulations.”

Loeffler revealed in the post how the company would be working with customers as part of the efforts to put all the necessary modalities in place as it gets ready for the launch of user acceptance testing exercise in July. “We’ll be working with our customers over the next several weeks to prepare for user acceptance testing (UAT) for futures and custody, which we…

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Source: https://thebitcoinnews.com/bakkt-to-commence-user-acceptance-testing-for-bitcoin-futures-in-july/