| json_metadata | "{"app":"musing/1.1","appTags":["Cryptocurrency"],"appCategory":"Cryptocurrency","appTitle":"What do you know about Bakkt, is it going to be launched this January or not?","appBody":"<p>So Bakkt is a crypto exchange and it is being launched by NYSE, the parent company of which is ICE (Inter Continental Exchange) - a giant in securities trading or simply the world largest exchange. </p>\n<p>Bakkt was earlier planning to launch bitcoin futures that would have been settled in bitcoin as opposed to cash settled ones being traded on CME, and CBOT. Bakkt futures are supposed to take care of institutional custody problem, an important step considered by many to drive institutional crypto adoption and thus bring a massive bull market. An institutional exchange should also see volumes that will be large enough. Also, security features and algo to drive out price manipulation was a key feature of bakkt - something that is necessary to bring the first bitcoin etf. I am very excited about what is coming in the institutional space. </p>\n<p>The futures were supposed to be launched in Dec, but due to holiday period, they were delayed. Now the new date of Jan end also seems to have been pushed back. However, eventually it will happen. There is way to much interest in institutional crypto trading from the likes of fidelity, nomura, van eck, GS etc. </p>\n<p>However, i think as stated, the bakkt futures will only be launched in Feb or Mar but shouldn't be delayed more than that. If the recent comments from Fed chair jerome powell are true, the US is on track to extend the debt fuelled bubble and that means, institutions will be ready to take on risk for crypto. Let's see. excited times ahead. </p>","appDepth":2,"appParentPermlink":"fk58995sw","appParentAuthor":"acesontop","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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