The Bitcoin futures and custody platform of Bakkt Exchange was launched as scheduled in the United States on September 23, setting off a new storm in the field of digital currency. This move not only attracted great attention from the market, but also provided investors with more diversified investment options. Let us explore the impact of the launch of Bakkt Exchange on the digital currency market and investors.

The launch of Bakkt Exchange is undoubtedly a major event in the field of digital currency in recent years. As a world-renowned trading platform, what kind of changes will the emergence of Bakkt bring to the digital currency market? Let's explore it from different angles.

First of all, the launch of Bakkt will inject new vitality into the Bitcoin market. By launching Bitcoin futures, investors can participate in market transactions more flexibly, and at the same time provide institutional investors with a safer and more reliable trading environment. This will further promote the market value and awareness of Bitcoin and inject new impetus into the digital currency market. This move is also expected to attract more traditional financial institutions and investors to enter the field of digital currency and promote the development of the entire market.

Secondly, Bakkt's custody platform will provide more guarantees for the security and credibility of digital currency. With the continuous development of the digital currency market, security has always been one of the most concerned issues for investors and regulators. Bakkt's custody platform uses highly secure technical means to provide more reliable protection for investors' assets. This will help enhance investor confidence and promote the healthy development of the digital currency market.

In addition, the launch of Bakkt will also bring more liquidity to the digital currency market. Through futures trading, investors can more conveniently carry out buying and selling operations, improve market liquidity and trading efficiency. This will make the digital currency market more active, provide investors with more trading opportunities, and also provide more references for price discovery of digital currencies.

In general, the launch of Bakkt's Bitcoin futures and custody platform will bring new opportunities and challenges to the digital currency market. Investors can participate in market transactions more flexibly through this platform, and also inject new vitality into the development of the digital currency market. As the digital currency market continues to grow, we believe that the launch of Bakkt will become a major milestone in the field of digital currency and open a new chapter in the digital currency market.

In this digital age, digital currency has become an important force in the global financial market. The launch of Bakkt not only brings more investment opportunities to the digital currency market, but also provides investors with a safer and more reliable trading environment. I believe that as the digital currency market continues to grow and develop, Bakkt Exchange will play an increasingly important role in the future, leading the digital currency market towards a more prosperous future.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bakkt, the Bitcoin futures platform under Intercontinental Exchange (ICE), announced in an official blog post on the 16th that it will launch a daily and monthly futures contract trading platform in the United States. After obtaining approval from the necessary regulatory authorities, it is now scheduled to be officially launched on September 23.

Bakkt's physically delivered futures have always been closely watched. The company initially announced the launch of the platform in August 2018, but it was later delayed by compliance issues and proved to be very challenging to satisfy the Commodity Futures Trading Commission (CFTC). However, Bakkt began testing the platform in earnest on July 22.

According to the latest statement, Bakkt has held several events in New York and Chicago, two cities that have a significant influence on the US futures market. Bakkt has also sat down with regulatory agencies such as the Commodity Futures Trading Commission and the US Securities and Exchange Commission (SEC).

Bakkt pointed out that it has obtained a New York State Trust License issued by the New York State Department of Financial Services (NYDFS), paving the way for the company to provide physically delivered Bitcoin futures contracts. The company intends to launch two types of futures contracts, daily settlement and monthly settlement contracts, both of which will be delivered at Bakkt
Warehouse.

Bakkt CEO Kelly
Loefler said in a blog post on the 16th: "Our contracts have been approved by the CFTC through a self-certification process, and user acceptance testing has begun." Loefler added, "With the New York State Department of Financial Services approving the creation of Bakkt Trust Company, a qualified custodian,
Bakkt
Warehouse will custody Bitcoin for physically delivered futures. This provides customers with unprecedented regulatory clarity and security, and provides a regulated, globally accessible exchange in markets that are underserved by institutional-grade infrastructure."

She continued: "Uniquely, Bakkt
Bitcoin futures contracts It will not rely on the unregulated spot market to set settlement prices, but will serve as a transparent price discovery mechanism for the benchmark price of Bitcoin. The importance of this difference will only be magnified when other concerns arise about obviously manipulated spot market futures, as well as inconsistent anti-money laundering policies and weak compliance controls. "

Kelly
Loefler said in an interview with the media on the 16th that Bakkt's daily contracts will be margined and can provide traders with an alternative to the unregulated spot market. "The purpose of this daily contract is to provide a margin tool." But she did not disclose the leverage conditions of this margin contract, and details are expected to be announced in the coming weeks. "

As for the monthly futures contract that Bakkt first launched in May, Kelly
Loefler said it adds a "forward price curve" for investors. She said that the monthly contract will allow any investor to bet on the view of the price of Bitcoin in the next 12 months. Another important thing about the monthly contract is that it can provide a general situation at different points in the future year. For example, next year is coming, and this contract allows you to pay attention to the situation in 2020.

Kelly
Loefler said that the core services that Bakkt will provide are to ensure regulated custody and institutional-grade trading. Bakkt itself is not an exchange, but rather uses the existing infrastructure of its parent company, Intercontinental Exchange.

Therefore, ICE Futures US will provide the actual trading services, while Bakkt and its warehouses will provide the custody services required for its physical delivery contracts.

In the field of cryptocurrency, institutional services and custody are growing markets, including the recent announcement by major US crypto exchange Coinbase that it has added Xapo's Institutions
as part of its custody operations. Coinbase CEO Brian
Armstrong commented on the sharp increase in institutional clients for crypto services, saying: "About 12 months ago, it was still a question whether institutional investors would adopt cryptocurrencies. I now think we know the answer with certainty. We are seeing $200 million to $400 million in new crypto deposits from institutional clients every week."