Ice transferred the launch of Bitcoin futures

The world’s largest operator Intercontinental Exchange (ICE) announced the transfer of the BAKKT Bitcoin Futures Trading Futures on January 24, 2019, subject to the regulator approval.

Initially, trading on Derivatives was planned to start on December 12, but, according to the company, the delay is necessary to provide current customers for additional time to prepare for work with new contracts. Kelly Lefefler, ICE CEO, reported that they continue to work closely to regulatory authorities to approve the launch of Bakkt products, which will become more accessible, efficient and adjustable tools.

The operator reports that it will ensure insurance for Bitcoin in the cold storage, and at the moment it is engaged in the safety of hot wallets, as unlike the CME and CBOE futures, the platform will pay «physical» coins.

Analysts expected the December launch of new cryptoderivatives to provide a sufficiently strong impulse for the growth of the virtual currency market until the end of the year. However, after the announcement, the restoration of the crypton will most likely be delayed.

While InterContinental Exchange completes the preparatory work, one of the largest European stock exchanges Six Swiss Exchange plans in the near future