Bakkt CEO: 3 reasons why the current launch of Bitcoin products is a big problem

Following the launch of Bakkt’s Bitcoin (BTC) futures, the company mentioned three reasons why the event was an important milestone for the industry.

In a statement on September 23, Bakkt CEO Kelly Loeffler emphasized that the successful launch of Bakkt’s Bitcoin futures contracts represented the first time that Bitcoin futures physically established and regulated by the United States would be available.

Loeffler said that only the fact that such a product now exists can matter more than the specific details of the initiative.

Loeffler: regulated markets accelerate the adoption of digital assets

Emphasizing that the launch of the service was an important step in bringing reliable infrastructure to digital assets, the CEO of Bakkt described the company’s mission as “expanding access to the global economy by building trust and unlocking the value of digital assets. “.

Loeffler also gave three reasons why the product matters. These include:

Reliable and regulated infrastructure

Adoption of new digital technology based on currencies and financial instruments

The rapid expansion of innovative methods to manage and transfer digital value.

“With operations, cybersecurity and controls, along with the end-to-end regulation required by investors and consumers, confidence in the use of digital currency — not only to invest, but also to use them in transactions— will grow, “explained the CEO.

Loeffler continued:

“These are the concepts on which we are building Bakkt. We start with the basics: instilling trust through regulation and safe custody, and deploying products that are transparent and regulated to support their adoption. “

As reported, Bakkt’s physically delivered Bitcoin futures trade was activated at the Intercontinental Exchange (ICE) on September 22 at 8 p.m. EST (00:00 UTC on September 23). After the launch, the volume is beginning to increase with some operators comparing the launch of the platform with the Bitcoin futures launched by the Chicago Mercantile Exchange in December 2017.

At the close of this edition, 29 bitcoins have been traded on the ICE Bakkt Bitcoin futures platform, with a last price registered representing USD 9,992.


Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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