Forwarded from Speak Ventures
🚨Breaking: World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market🚨
An announcement was made this morning by the Intercontinental Exchange (ICE), the possessor of the New York Stock Exchange (NYSE), stating it will post a Bitcoin futures contract in addition to creating an entity to promote mainstream Bitcoin adoption. This is massive news for the community.🎉
We cannot help but view this as bullish. 🐂 With a financial entity of this magnitude promulgating Bitcoin as a valuable digital asset, who would bet against Bitcoin’s future? Certainly not us. 👌
To further hype this news, it is imperative that you understand the companies involved in the development of the platform through which the Bitcoin futures will be present. The platform is called Bakkt, and it has funding and developmental support from Microsoft, Starbuks, and BCG. This is an Allstar lineup that we are undeniably amazed by. 🙌
To list a physically-settled one-day Bitcoin futures product, replete with tangible storage infrastructure by ICE, Bakkt will work with the ICE’s U.S. futures market and clearinghouse. Bakkt, pending regulatory approval, product will launch in November. 📅
According to Kelly Loeffler, the CEO of Bakkt: “Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security and utility.” She further stated: “We are collaborating to build an open platform that helps unlock the transformative potential of digital assets across global markets and commerce.”
Additionally, Bakkt is multifaceted, therefore it is more than just a futures exchange as it intends to be a multi-avenue platform that assists in the evolution of digital assets, making them a mainstream financial asset class.🌎
The infrastructure of Bakkt and the entities involved in its creation and promotion aim to generate confidence in this emerging market, subsequently placing digital assets on a worldwide scale. Thus, as mentioned, a star-studded cast is working to make digital assets common amongst the world, resulting in our reasoning to hold strong through the most bearish times because, rest assured, a bull market is only a matter of time. 🚀
An announcement was made this morning by the Intercontinental Exchange (ICE), the possessor of the New York Stock Exchange (NYSE), stating it will post a Bitcoin futures contract in addition to creating an entity to promote mainstream Bitcoin adoption. This is massive news for the community.🎉
We cannot help but view this as bullish. 🐂 With a financial entity of this magnitude promulgating Bitcoin as a valuable digital asset, who would bet against Bitcoin’s future? Certainly not us. 👌
To further hype this news, it is imperative that you understand the companies involved in the development of the platform through which the Bitcoin futures will be present. The platform is called Bakkt, and it has funding and developmental support from Microsoft, Starbuks, and BCG. This is an Allstar lineup that we are undeniably amazed by. 🙌
To list a physically-settled one-day Bitcoin futures product, replete with tangible storage infrastructure by ICE, Bakkt will work with the ICE’s U.S. futures market and clearinghouse. Bakkt, pending regulatory approval, product will launch in November. 📅
According to Kelly Loeffler, the CEO of Bakkt: “Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security and utility.” She further stated: “We are collaborating to build an open platform that helps unlock the transformative potential of digital assets across global markets and commerce.”
Additionally, Bakkt is multifaceted, therefore it is more than just a futures exchange as it intends to be a multi-avenue platform that assists in the evolution of digital assets, making them a mainstream financial asset class.🌎
The infrastructure of Bakkt and the entities involved in its creation and promotion aim to generate confidence in this emerging market, subsequently placing digital assets on a worldwide scale. Thus, as mentioned, a star-studded cast is working to make digital assets common amongst the world, resulting in our reasoning to hold strong through the most bearish times because, rest assured, a bull market is only a matter of time. 🚀