After multiple delays, cryptocurrency exchange subsidiary Bakkt has announced it will be launching its Bitcoin Futures Exchange on September 23rd.

The company is looking to build the future of digital asset infrastructure and provide the digital asset market with much-needed clarity and trust, opening doors for institutions, merchants, and consumers.

Bakkt’s focus on compliance spans all aspects of operations. Whether AML and KYC at the institutional and consumer level, or on-chain analytics and surveillance for all crypto deposits and withdrawals, we will be continuously adding to ensure ours is the most robust, trusted platform. In addition, Bakkt will routinely participate in financial and security audits, as well as regulatory compliance reviews.

Bakkt is delivering a new standard in digital asset custody by leveraging the cybersecurity tools on which the NYSE relies.

While most similar companies work with cash-settled futures, Bakkt will be working with physically delivered futures. This means the future contracts will be settled in BTC, a distinction that carries many benefits.

Bakkt’s parent company ICE* is a well-established entity, and backed by NYSE, Microsoft, Starbucks, Boston Consulting Group, and more household names, Bakkt is touted as a sign of crypto’s jump to the next level and regarded as a catalyst for the next bull market.

* Intercontinental Exchange (ICE) is an American company that owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada and Europe, the Liffe futures exchanges in Europe, the New York Stock Exchange equity options exchanges and OTC energy, credit and equity markets. – Source

Elastos is one of only a few cryptocurrency assets handpicked to be covered and tracked by Bakkt’s ICE CD Feed.