Kelly Loeffler, the CEO of Bakkt, released an official announcement saying the launch date of Bakkt platform is postponed to January 24, 2019.

The release indicates that there’s still remains a lot of work ahead within the regulatory front and Bakkt continues to work closely with the CFTC as they conduct their thorough review of the Bakkt™ Bitcoin Daily Futures contract and the Bakkt Warehouse.

Kelly Loeffler expressed that such platform as Bakkt will be a critical shift in the evolution of crypto markets toward more accessible, useful, and regulated instruments. She said,

The level of collaboration at the exchange, customer, and regulatory levels are unprecedented in terms of engagement and effort in the institutional cryptocurrency markets. We are also fortunate to now have Adam White on board as our COO as we work through our launch and establish our roadmap for the year ahead.

And the added,

Given the volume of interest in Bakkt and work required to get all of the pieces in place, we will now be targeting January 24, 2019 for our launch to ensure that our participants are ready to trade on Day 1.

The CEO of Bakkt has indicated that new processes and risks which arise while developing Bakkt forces to adjust the timeline and the way team works with the industry toward launch.