Bakkt is finally here! It has launched its physically settled Bitcoin futures trading. The service is now live for trading on the Intercontinental Exchange(ICE). It is first of its kind to receive a green signal from the United States regulators.

With this launch, Bakkt will attract more institutional participation for crypto trading. It will thus provide solutions to the common issues percolating crypto assets. These issues include regulation, market quality, reliability, fees, and liquidity. Bakkt will offer two types of futures contracts. They are daily and monthly futures. This implies that the physical settlement of bitcoin can take place as soon as twenty-four hours when the contract expires.

ICEs futures will be the first one that will offer the physical delivery of cryptocurrencies. It will be either online or through Bakkt’s secure warehouse. Even the CME Group’s version in 2017 did not offer this that is cash-settled. However, it will launch options contracts by 2020. Due to the few transactions that the Bitcoin can process per second and the controversies affecting it, it is not going down well as a mode of payment. However, with the latest Bakkt venture, people will use bitcoin as a conventional monetary exchange. The crypto traders and investors have this week to examine and scrutinize how the contracts are affecting trading and how much volume it will attract to Bitcoin.

Also, crypto Giant Binance is soon going to launch Crypto Futures Trading on its platform. The platform will initially support only BTC/USDT futures products and will offer traders leverage up to 20x as per the source.