On Tuesday (20 November 2018), Kelly Loeffler, the Chief Executive Officer of Bakkt, a subsidiary of the Intercontinental Exchange (ICE), announced that the launch date for the Bakkt platform, which offers a physically-settled Bitcoin (USD) Daily Futures Contract, has been changed from 12 December 2018 to 24 January 2019, and explained the reasons for this delay.

Loeffler started by noting that her team has been “hard at work with customer onboarding and securing regulatory approvals.” With regard to the latter, she said that they are continuing “to work closely with the CFTC as they conduct their thorough review of the Bakkt™ Bitcoin Daily Futures contract and the Bakkt Warehouse.” Furthermore, she points out that these products “represent a critical shift in the evolution of crypto markets toward more accessible, useful, and regulated instruments.”

Next, the Bakkt CEO stated that due to “the volume of interest in Bakkt and work required to get all of the pieces in place,” the new launch date will be 24 January 2019 to ensure that everything is ready on launch day

https://www.cryptoglobe.com/latest/2018/11/bakkt-ceo-why-launch-of-our-bitcoin-futures-contract-has-been-postponed-to-24-january-2019

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