BTC Future Launched to be Approved by US Regulators
On Oct.25, the ICE (Intercontinental Exchange) Bakkt cryptocurrency platform can get approval to launch its own physically delivered bitcoin (BTC) which is the future product from US regulators next week, an unknown source told tech outlet, The block on Thursday.
On December 12, which looks to create a ‘regulated ecosystem’ for the institutional investors who are looking to gain submission to gain cryptocurrency and had previously confirmed that it planned to launch as its future product.
According to an unnamed source with absolute direct knowledge of the situation, the block says: Should regulator gives the project a green light, ICE’s Bakkt will also begin to launching its Bitcoin (BTC) contracts for the clients as soon as the first week of the month.
That unknown source also told the publication that Chicago trading shop DV trading will trade the Bakkt product
The responsibility of non-custodial options will ultimately lessen from the industry’s credibility having a surface from cryptocurrency figures. Andreas Antonopoulos, crypto enthusiast, warming over the impact of the regulators approving Bitcoin exchange-traded fund (ETF) in the future.
Andreas Antonopoulos is a very famous speaker; he is also a businessman, podcast host and author of the book named as “Mastering Bitcoin.” He is also teaching about the Digital Currencies at the University of Nicosia. He started his career in 2012 when he stopped working as a freelancer and start giving the speeches in conferences on the topic of cryptocurrency and all of his work for the bitcoin is free of charge that means he made his living simply from donations.
On December 2017, Non Physical bitcoin futures first launched from CME group and CBOE. The poor returns have combined with volatility in the market which is close to settlement dates and sparking the debates between the analysts.
On December 17 for trade on December 18, the CME group’s bitcoin become effective, the new launch of CME group of Bitcoin Future market comes just a week after CBOE launched their bitcoin future market on December 11.
The future contracts give the investor exposure to the fundamental asset (Bitcoin), although investors buy contracts that track the fundamental asset price and they also theorize on whatever the contract price will increase and decrease by the contract expiration date.
The first CBOE contract will expire on January 17, 2018, and the first CME contract will expire on January 2018, because bitcoin futures trading has never arisen before, this unmatched event could have a significant impact on the Bitcoin economy.