Bakkt Bitcoin Futures: Feed for the Bulls | BTC-ECHO
Bitcoin futures are futures contracts that allow you to bet on the Bitcoin rate. In other words, you can also benefit from a falling bitcoin price – in a simplistic way. The blockchain company Bakkt wants to bring such a vehicle to the traders this year. To test the product extensively, it will send the company to the test phase on July 22nd today.
How to get one Twitter Post from Fundstrat, the actual publication of the Bakkt Futures should take place this year. The crypto community expects the investment products to be more significant. This is to attract especially professional investors:
There is a great deal of institutional expectation regarding the planned launch of services – custody, compliance, payments, as well as physically secured daily and monthly forward contracts in collaboration with (the parent company) ICE. As we have already said, Bakkt faces many hurdles for adaptation by traditional investors (…).
In other words, in contrast to the existing BTC futures of the US providers Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE), the Bakkt Futures are better regulated and better secured by physically deposited Bitcoin.
By following the proposals of the Commodity Futures Trading Commission (CFTC), larger players are expected to gain more confidence in the BTC market.
Bakkt Futures and the Bitcoin Course
The introduction of the CME and CBOE BTC futures in December 2017 coincided with a strong increase in the Bitcoin price. The Bull Run was short but fierce; Finally, he catapulted the largest cryptocurrency by market capitalization without further ado the $ 20,000 mark. The subsequent crash a few days or weeks later was directly linked to the expiry of the futures. Thus, a study showed that the futures contracts could be directly related to the falling prices.
Since the Bakkt Futures are now supposed to be better hedged and safer products when they actually go online, one should start by signaling the Bitcoin price. An exact date depends on the current test run of the Bakkt Bitcoin Futures.
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