Bakkt Is Finally Launching Its Bitcoin Futures Today

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After two delays and 13 months of questions, the Intercontinental Exchange-backed ware houses and futures contract facilitator is launching Monday, opening the door for institutional investors to take positions on the cryptocurrency in a federally regulated venue.Trading is set to open at midnight UTC and close at 22:00. For the first time, interested observers will be able to see just how much pent-up demand there is among big-money traders for this hotly anticipated service. Bakkt’s data feed will be freely available through June of next year, after which it will require a subscription.As often noted, Bakkt’s futures will be physically settled, meaning buyers receive bitcoin at expiration, whereas the futures available since 2017 at the Chicago exchange CME Group are cash-settled – essentially side bets on the cryptocurrency’s price.

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