Assets, Ethereum

Can I Buy Ethereum on Bakkt?

The short answer is yes. Bakkt, the digital asset platform subsidiary of Intercontinental Exchange (ICE), announced today that it would launch Bitcoin (BTC) futures contracts on December 12, 2018.

The news sent shockwaves through the crypto community, as Bakkt is one of the most highly anticipated digital asset platforms.

Bakkt’s BTC futures contracts will be physically settled, meaning that each contract will be backed by one BTC. This is a significant difference from the cash-settled BTC futures contracts that are currently available on CBOE and CME.

Physically settled BTC futures contracts will attract institutional investors who are prohibited from investing in cash-settled BTC futures due to regulatory reasons. This could lead to a significant increase in demand for BTC, and consequently, a rise in price.

In addition to BTC futures, Bakkt is also planning to launch other products such as physically settled BTC options and a digital asset warehouse. The platform has the potential to become a one-stop shop for institutional investors who want to get exposure to digital assets.

The launch of Bakkt is a positive development for the crypto industry as it legitimizes digital assets and could lead to mass adoption in the future.

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