Bakkt

Bakkt Rolls Out ‘Critical’ Bitcoin Custody After NY Gives Green Light

Institutional Bitcoin (BTC) trading platform Bakkt has announced it has launched its custody feature for its entire client base following regulatory approval. Bakkt: custody is “critical link” in BTC adoption In a blog post on Nov. 11, Bakkt said it had received the go-ahead from the New York Department of Financial Services (NYDFS) to offer …

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Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients

Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Baakt Warehouse,” with other “marquee firms” expected to join over the next few weeks. When it first launched, Bakkt was only …

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Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt announced the new record, stating:  “Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.” Volume spike coincides with Bitcoin price dip Twitter account dedicated to Bakkt …

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CME Group Publishes Bitcoin Options Specifications

</header> <strong>In mid-September, the foreign exchange company CME Group announced the launch of options on its bitcoin futures contracts in Q1 2020, pending regulatory review. CME Group executive Tim McCourt said there was “increasing client demand” for the firm’s bitcoin derivatives and now the company has published specifications for the options products.</strong> Also Read: French …

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Bitcoin Needs ‘Real Use Cases’ to Become Digital Gold, Says ICE Chief

Bitcoin might become “digital gold,” but first it needs to be used more in everyday business, Intercontinental Exchange’s chief executive said. During a quarterly earnings call Thursday, ICE head Jeffrey Sprecher said that he sees use in transactions as the prerequisite to bitcoin becoming a long-term store of value. The company’s Bakkt subsidiary, which runs a …

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Speculation Abounds Over the Cause of Bitcoin’s Recent Rally

</header> <strong>Crypto’s most recent bull run began last Friday, October 25, after a significant plunge in prices just days earlier that had some prognosticators worried about a return to late 2018 and early 2019’s bleak crypto winter. Since the recent spike, prices have held relatively steady, suggesting this rally is not just a flash in …

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After Breaking New Records Bakkt Announces Crypto Consumer App

<header class=”article__header”> </header> <strong>Following the all-time record of 1,179 contracts on October 25, Mike Blandina, Bakkt’s chief product officer, revealed the firm is launching another strategy after announcing its December options launch. Bakkt is releasing a consumer application so retail investors can “unlock the value of digital assets” via consumer payments.</strong> Also read: Cred to …

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Bakkt Announces Bitcoin Options After Record-Breaking Futures Volumes

<header class=”article__header”> </header> <strong>On October 23, Bakkt’s physically-settled bitcoin futures contracts touched an all-time high with 640 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> ($4.8 million) swapped on the exchange. Coincidentally, the futures action started after <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> prices plummeted to $7,365 across global exchanges. After the record-setting day, Bakkt CEO Kelly …

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Breaking: Bakkt Announces First Regulated Options Contract for Bitcoin

Bakkt announced on Oct. 24 that it will be launching the first regulated options contract for bitcoin (BTC) futures on Dec. 9.  According to Bakkt, the key features of the Bakkt Bitcoin Options contract include capital efficiency, cash or physical settlement, European style option, low fees, as well as instant messaging, block trades and options …

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Ethereum Futures: The Next Big Derivative to Hit the Market?

The United States Commodity Futures Trading Commission (CFTC) hasn’t come to bury Ether, it’s come to regulate it. That was the message drawn from Heath Tarbert’s remarks from the stage at Yahoo Finance’s All Markets Summit in New York City on Oct. 10, which could have important consequences for the crypto and blockchain industry. He …

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