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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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15330788 No.15330788 [Reply] [Original]

>The company has announced that it will launch Bitcoin futures on September 23, bringing to end months of delays, per The Block Crypto. Bakkt, which is owned by Intercontinental Exchange (ICE), which also operates the New York Stock Exchange (NYSE), had originally planned to launch its physical Bitcoin futures as well as Bakkt Warehouse, its in-house custody solution to store Bitcoins for investors, at the end of 2018.

>Bakkt, which raised $182.5 million from backers including Microsoft earlier this year, has now received authorization from the Commodity Futures Trading Commission (CFTC) for the futures contracts, as well as approval from the New York State Department of Financial Services (NYDFS) to act as a trusted custodian of physical Bitcoins.

>Here's what it means: Bakkt's authorization could open the door for a flurry of institutional investments in cryptos.

>https://markets.businessinsider.com/news/stocks/bakkt-approved-to-roll-out-bitcoin-futures-2019-8-1028461110

>> No.15330793
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15330793

>>15330788

>> No.15330835

>>15330788
The last time everyone got excited about futures, BTC dumped from 20k to 6k in just a few months. Do you really think giving kikes the ability to sell near-unlimited amounts of paper bitcoin will result in positive price action?

>> No.15330880

>>15330835
its not paper bitcoin. they have to actually purchase the token for futures trading for this exchange

>> No.15330885

>>15330835
what part of "has now received authorization" do you not understand? And what do you mean "last time"? this is the first time Bakkt has official authorization. Cryptos are going to skyrocket

>> No.15330889

>>15330788
OMG MORE FUTURES MARKETS POGGGGGGGGGG :OOOO INDUSTRIALIZED INVESTORS COMING TO LE MOON :^)))))))

>> No.15330911

>>15330885
I somehow managed to not be the stupidest person in this thread. I tried really fucking hard.

>> No.15330952
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15330952

>>15330911
>managed to not be the stupidest person in this thread

>> No.15330967

>>15330788
anon this is bad news

>> No.15330997
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15330997

>>15330885