the BAKKT-CEO Kelly Loeffler is on Medium with the latest developments around the first physical Bitcoin Futures. The focus of the press release, the successful acquisition of assets from a reputable Broker for futures contracts.

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16. January 2019BTC$3,593 K,27 -0.43%part Facebook Twitter LinkedIn xing mail

With the voltage expected by the crypto-community with the launch of the BAKKT Bitcoin Futures, it might flush but institutional money in the markets. Whether it is sufficient, however, for a Reversal of the bear market is questionable.

plays What role is the latest message from BAKKT-CEO Kelly Loeffler, is not so clear as yet. But after the series.

announced As Loeffler via the Medium, could not secure the companies ‚ investment products, which issued the Rosenthal Collins Group (RCG). The derivatives Broker, RCG sold already in December, all accounts of customer at Marex Spectron, a UK-based Broker for various financial products. In the course of this sale, BAKKT could write according to his own „valuable asset“ of its own balance sheet.

start date to the Dump

Currently, BAKKT works according to their own information closely with the competent Supervisory authority, the Commodity Futures Trading Commission (CTFC) to be able to as soon as possible for the start of the first physical Bitcoin Futures.

announced As Loeffler, don’t want to sit out of the Intercontinental Exchange subsidiary, the time to approval, but is working more diligently on the improvement of their Services. The acquisition of the assets raises this:

„The transaction underlines that we do not stand still while we wait for the approval of the CFTC for the introduction of [the Bitcoin Futures]. Our Mission requires extensive investment in technology, in order to establish an innovative platform and Expertise in the financial market, in order to provide the most reliable FinTech Ecosystem for digital Assets.“

not more BAKKT without competition

Recently, the Hong Kong company CoinFLEX is entered into the race for the first physical Bitcoin Futures. BTC-ECHO reported. The company plans to begin already in the beginning of February with the operational side of the business. The CFTC should be with the approval of the BAKKT Futures time would be the winner CoinFLEX.

Read also: the volatility of Bitcoin Futures on an all-time low