January End Launch Date for Digital Assets Platform Confirmed by NYSE Operator’s Bakkt.

According to a report by Medium Post, the Bakkt digital asset platform which was created by the operator of the New York Stock Exchange (NYSE), announced that they are now targeting to launch digital assets platforms on Jan. 24, 2019.

The Intercontinental Exchange (ICE) announced the creation of Bakkt in August of this year. The ICE is the operator of 23 leading global exchanges including the NYSE.

A report by Medium Post notes that ” given the volume of interest in Bakkt and work required to get all of the pieces in place.” In order to ensure that all the participants would be ready to trade on Day 1, the company has settled on Jan. 24, 2019 as the start date.

Bakkt’s Medium Post , written by CEO Kelly Loeffler, continues by noting that the company is working closely with the U.S. Commodity Futures Trading Commission (CFTC) as they review the Bakkt Bitcoin Daily Futures Contract. He added in his post that crypto markets will see a critical shift in its evolution and will be much more accessible and useful with the introduction of these products.

The post states that ” new features” will be shared in the upcoming weeks. It concludes by sharing that Bakkt has ” insurance for bitcoin in cold storage” and is currently in the process of “securing insurance” for the warm wallet within the Bakkt warehouse architect.

More recently, unconfirmed rumours reported that U.S. regulators could approve Bakkt’s physically delivered futures product as soon as the beginning of November. At the end of October, the ICE had announced that they would list Bakkt Bitcoin (USD) Daily Futures Contracts for trading on Dec. 12, 2018 and that the product would be physically settled and cleared by ICE clear U.S. Inc.