Physically delivered bitcoin future contracts are imminent, but the bottleneck now lies with clients
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Quick Take
- Exchanges like Bakkt are gearing up to launch physically delivered bitcoin future contracts, but some of their largest prospective clients admit they still don’t have permission to trade them
- Physically delivered bitcoin futures is being hailed as the next big “move” for crypto, allowing traders to settle contracts in bitcoin rather than USD
- However, it may take time to see demand from the major institutions at which Bakkt was originally pitched
It’s been a bumpy road so far for Bakkt, ICE’s yet-to-launch crypto future exchange, facing a grueling regulatory climate, government standstills, and even some technological hurdles. With its updated Q3 launch now within reach, it seems to be nearing the finish line. But there is still one catch that might impede full adoption, and this […]
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