During the interview given to Erik Schatzker on the World Economic Forum in Davos, Nasdaq CEO Adena Friedman was discussing her LinkedIn post concerning ”market economy”. She was also touching the cryptocurrency sphere, saying that Bitcoin futures are a viable option and that they have an unnamed partner helping to set everything up.Two Main Reasons Nasdaq Will Consider Regarding Bitcoin FuturesAfter observing the market conditions, Nasdaq wants to bring up a viable solution that will be...
Read More »Bakkt Consumer App Bakkt Pay Is to be Launched Already This Year
Blockchain firm Bakkt stole the show at the sideline of the World Economic Forum (WEF) held in Davos Switzerland by announcing the launch of its new consumer application that would look very much like a fintech app such as PayPal offers. Moreover, it will support all forms of digital assets, in addition to cryptocurrencies.Bakkt, the physically-settled Bitcoin Futures exchange created by the Intercontinental Exchange (ICE), is changing the way and manner in which crypto assets are perceived...
Read More »CME Group Is Launching Its Bitcoin Options amid High Anticipation in the Market
It seems that traditional institutions are finally realizing that no-can-do without cryptocurrencies anymore. If we look at the market movements, there is huge impatience for the launch of CME Group Inc. options that should happen today.It is interesting because it is not the first of a kind. Bakkt that is under New York Stock Exchange parent Intercontinental Exchange Inc. began with the work in December last year. Moreover, as we have recently reported, yesterday FTX crypto derivatives...
Read More »Former Bakkt CEO Kelly Loeffler Will Overlook CFTC
Kelly Loeffler, the former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, will be joining the committee that looks upon the Commodity Futures Trading Commission (CFTC). However, that increased the worries of a possible conflict of interest. In a Jan. 6 tweet, Loeffler said she has sworn into the United States Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.It's official! What an honor to serve our great state in the...
Read More »Bakkt Appoints Mike Blandina as New CEO and Adam White as President
The Bakkt Bitcoin futures exchange, owned by the Intercontinental Exchange (ICE), has just appointed a new chief executive officer (CEO). According to an official press release, the company’s former Chief Product Officer Mike Blandina, has now been promoted to the role of CEO. Blandina already assumed the position on Friday, Dec 20.The appointment of a new CEO was necessary because the company’s founding CEO Kelly Loeffler had to leave the position after her appointment to the United States...
Read More »ErisX Launches Its Physically-Settled Bitcoin Futures to Compete Bakkt
In direct competition to ICE‘s Bakkt platform, cryptocurrency exchange ErisX has launched its physically-settled Bitcoin futures contracts. In an official announcement on Monday, December 17, ErisX said that it will make its futures contracts available in the U.S. as of now.The product dubbed “Futures Digital Currency Products” will start trading today onwards from 8:00 a.m. Central Time (14:00 UTC). As per CoinDesk, ErisX’s Bitcoin futures will trade alongside its existing cryptocurrency...
Read More »Open Interest in Bakkt’s Bitcoin Futures Hits Record Highs of $7.02 Million
In what has been seen by many in the crypto space as a win, the open interest of the Bitcoin futures platform Bakkt has reached new all-time highs. Sources indicate that this occurred yesterday and that this shows fresh inflows from new entrants into the Bitcoin marketplace. Twitter’s BakktBot has further put the open interest at $7.02 million which shows strong trading activity on the Intercontinental Exchange-managed platform and also greater liquidity within the Bitcoin futures market in...
Read More »Bakkt Launches Bitcoin Options and Cash-Settled Futures
As Bakkt has announced in its blog post, Bitcoin monthly options and cash-settled futures are now available.The recent post provides more details on these new offerings.Bakkt Bitcoin (USD) monthly options are based on the benchmark Bakkt Bitcoin (USD) Monthly Futures contract. It is the first CFTC regulated product of this kind. These options will offer new opportunities for trading and earning for traders from all over the world.Bakkt Bitcoin (USD) cash-settled futures are now available, as...
Read More »Bakkt Bitcoin Monthly Futures Trade Set a New Weekly Volume Record of $124 Million
Bakkt is easily one of the most interesting platforms in the crypto market. Operated by the Atlanta-based Intercontinental Exchange (ICE), the platform is designed to push Bitcoin much deeper into mainstream adoption, by offering physically settled Bitcoin futures contracts. Bakkt initially had a very disappointing start, making many believe it wouldn’t amount to much. However, the platform has surprised many, including the naysayers, and has seen impressive and steady growth, as it...
Read More »Governor Kemp Thinks Bakkt CEO Kelly Loeffler is a Promising Senate Member
U.S. Senator Johny Isakson was serving well at his position in United States Senate. However, health issues are chasing the old man: he decided to leave the job and enjoy life. The governor Brian Kemp has the power to elect a new member of the Senate to serve till the special elections. Many people approached him with pitches.President Trump Wanted His Brother in Arms to Acquire the SeatPresident Donald Trump suggested appointing Doug Collins at this position. He is a Republican who has been...
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