The Intercontinental Exchange’s (ICE) Bakkt cryptocurrency platform could get approval to launch its Bitcoin (BTC) futures product from U.S. regulators next week, an unconfirmed anonymous source told tech outlet The Block Thursday, Oct. 25.

Bakkt, which seeks to create a “regulated ecosystem” for institutional investors looking to gain exposure to cryptocurrency, had previously confirmed it planned to launch Dec. 12.

Should regulators give the project the green light, ICE’s Bakkt will begin launching physical Bitcoin futures for clients.

According to an unnamed source “with direct knowledge of the situation,” that green light could come as soon as the first week of next month, The Block says. The unnamed source also told the publication that Chicago trading shop DV Trading will trade Bakkt’s product.

Cointelegraph will update this story as more information becomes available.


via Cointelegraph

October 25, 2018 at 08:27AM