News From Bakkt: Futures Test in July

The US cryptocurrency platform Bakkt plans to launch the test phase for its Bitcoin futures on July 22. The aim is to make it easier for institutional investors to access Bitcoin trading.

Just last year, the Intercontinental Exchange (ICE) announced plans to establish a regulated market for Bitcoin trading and other digital assets in the US. With this in mind, it founded its own company: Bakkt. On Monday, July 22, the project moves into the next phase, as Bakkt plans to start user acceptance testing for its Bitcoin futures. The choice of date is no accident: the preceding Saturday marks the fiftieth anniversary of the moon landing.

According to the company, the Bitcoin (BTC) futures – which will be issued as real tokens – will be listed and traded on ICE Futures US and margined by ICE Clear US. This will provide institutional investors with an entirely new access route to Bitcoin and marks an important step towards establishing the cryptocurrency as an asset.

Bakkt COO Adam White commented: “This is no small step. By introducing this, we are establishing a new standard for access to crypto markets. Compared to other markets, institutional investment in crypto remains limited due to restrictions such as market infrastructure and regulatory certainty.”

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Disclaimer

This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Bitcoin AG and does not constitute a prospectus of Northern Bitcoin AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and  nvestment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into Canada, Australia or Japan.

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