Customers Can Deposit Bitcoin to Bakkt’s Warehouse Starting Next Week
Bakkt said Wednesday it would start offering customers access to its secure bitcoin storage warehouse starting Sept. 6.
ICE spent close to $300 million acquiring Bridge2 Solutions for Bakkt, CEO Jeffrey Sprecher said in an earnings call Thursday.
Bakkt’s new options and cash-settled bitcoin futures products have just gone live, joining its three-month-old physical futures contracts.
The NYSE participated in Coinbase’s Series C $75 million funding round in January 2015.
It’s way too soon to write off Bakkt, despite the bitcoin futures market’s disappointingly slow start, equity analysts at Oppenheimer & Co. said.
Bakkt is finally launching Monday. Here’s what to expect from bitcoin’s first regulated, physically settled, institutionally focused futures market.