What impact will ICE’s decision to delay the Bakkt platform launch on Bitcoin futures trading?

Colleagues, those of us in the technology or financial services sectors know that product delays are common. The Cryptocurrency Academy applauds ICE’s move to postpone Bakkt’s launch until late January 2019 for the primary purpose of due diligence and quality control. ICE fully acknowledges that Bitcoin futures are “commodities” (and not “securities”) which must be refreshing news to the US CFTC. Bakkt will set the price in a one-day physically settled Bitcoin futures contract. The billion-dollar question is what impact this delay will have on cryptocurrency futures trading in general and Bitcoin prices in particular. Bakkt is a strategic and high visibility launch for the global cryptocurrency ecosystem. ICE is determined to get it right. The implications of a faulty Bakkt platform launch would have major repercussions. We deem this delay to be for all the right reasons, however, if it is pushed into February or March institutional investor confidence will be heavily eroded. Share a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)