The debut of Bitcoin Futures Market to be listed by the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange(NYSE) has been set for December 12. All future contracts will be totally backed by the Digital Asset Warehouse of ICE. The long wait for Bitcoin Futures to be launched is finally seeing the light of day. A team of hardworking individuals has achieved this success making its Blockchain more reliable & stable in the crypto zone.
A recent press release by the ICE states that:
“Every future contract calls for delivery of one bitcoin held in Bakkt (Digital Asset Warehouse) and will trade in U.S. dollars and others. One contract daily will be listed for trading every Exchange Business Day.”
Bakkt has been launched in partnership between ICE, NYSE, Starbucks & Microsoft.ICE itself stands to be the operator of 23 Leading Global Stock Exchanges. This platform makes Bitcoin Futures more future empowered to boost crypto generating and create trust in the Blockchain environment.
“Trust” and “Utility” go hand in hand with digital asset (Bakkt), and a regulated compliant ecosystem is being created for the protection of Institutional Investors interested in the Crypto exposure of Bitcoin Futures.
Earlier in the month of September, Digital Asset Warehouse (Bakkt) came into news with a talk about Bitcoin Futures flexiblity in trading against the U.S. Dollar, British Pound Sterling & Euro, giving it a huge area of scope for the Bitcoin Future to leap ahead.
Experts at Snapper Future Tech expressed their opinion on the same and were quoted saying that:
“A risky element to price discovery is physical delivery. Precisely, with our solution, the buying and selling of bitcoin is fully collateralised or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset.”
The seamless part of this Bitcoin Future is that with each and every transaction made with USD/BTC Futures contract, one Bitcoin will be delivered to the owner’s account at the time of settlement. This will ensure the trust of the Bitcoin Futures Market on the CBOE & CME safeguarding that cryptocurrency assets exchange, has no expiration period.
 NYSE Owner’s Bitcoin Futures Market Will Open in Mid-December (CCN), October 23, 2018 Available at https://www.ccn.com/nyse-owners-bitcoin-futures-market-will-open-in-mid-december/
 Breaking: World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market (CCN), August 23, 2018 Available at https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/
An evolving market: The need for trusted price formation by Kelly Loeffler, August 20, 2018 Available at https://medium.com/bakkt-blog/https-medium-com-kellyloeffler-price-discovery-f9c77885383