Monday, June 2, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near

by firstcryptonews
July 23, 2019
in Market Updates
CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near

At long last, Intercontinental Exchange’s Bitcoin Futures trading platform Bakkt is to do a test launch on Monday 22 July 2019. Following an institutional summit hosted by Bakkt at the New York Stock Exchange during which the launch was revealed, Fundstrat reported that the Commodity Futures Trading Commission (CFTC) is already recording a massive increase in Bitcoin demand due to the announcement.

Bakkt has been scheduled for launch a number of times since 2018 but has not been launched successfully, mainly because of inadequate preparation. This time, the announced test launch is already drawing the attention of potential institutional investors and could be a huge addition to the Bitcoin market, says Quant Strategist at Fundstrat Sam Doctor.

“We think Bakkt could be a huge catalyst for institutional participation in the crypto market,“ he wrote on Twitter.

Although legislators have expressed fear that cryptocurrency especially Bitcoin could constitute a threat to the existing financial system, CFTC Commissioner Dawn Stump said at the Bakkt summit that there is no cryptocurrency that can threaten financial stability currently. She also added that the CFTC is exploring ETH products and expects more tokens and contracts beyond cash-settled Bitcoin products.

Apart from the already surging demand for Bitcoin Futures, there were many institutional investors at the Bakkt summit who expressed readiness to dive right into the industry as soon as bakkt launches. Some of the potential clients include brokerage services, prop desks and institutional exchanges, many of which have deep traditional and derivatives expertise.

Bakkt’s sales team has established firm connections with brokers, market makers, prop trading desks and liquidity providers who will contribute significantly to boosting the growth of the industry as institutional investors gain the confidence to invest massively in Bitcoin Futures.

Bakkt is expected to bring major growth to the Bitcoin and cryptocurrency industry as a whole. As the launch is finally at the corner, the industry may be getting ready for significant growth in the coming months and especially also because Bitcoin halving is coming in 2020.

As Bitcoin gets more scarce due to the halving and with the influx of institutions because of Bakkt, Bitcoin bulls may be close to realizing their dreams of seeing Bitcoin soar to greater heights.

Currently trading at $10,567, Bitcoin has managed to sustain this level after recovering from the sudden dip to $9,000. Where will the price be going from here as the test launch approaches?

Related Posts

On-Chain AI Platform Atua AI (TUA) Adopts Grok xAI API for Real-Time Intelligence in Decentralized Enterprises

On-Chain AI Platform Atua AI (TUA) Adopts Grok xAI API for Real-Time Intelligence in Decentralized Enterprises

by firstcryptonews
December 20, 2024
0

Empowering enterprises with cutting-edge AI and blockchain integration for smarter decision-making Dubai, UAE – December 20, 2024 — Atua AI...

Ledger Partners with PayPal to Allow Users Make Crypto Purchases

Ledger Partners with PayPal to Allow Users Make Crypto Purchases

by firstcryptonews
August 17, 2023
0

In an announcement on August 16, the company said it had integrated its Ledger Live app with PayPal. Crypto security...

El Salvador Creates History by Integrating Bitcoin as Legal Tender, Buys $21 Million in BTC

El Salvador Creates History by Integrating Bitcoin as Legal Tender, Buys $21 Million in BTC

by firstcryptonews
September 8, 2021
0

El Salvador, the Central American nation created history again today after it finally integrated Bitcoin ($BTC) as legal tender in...

Bitcoin (BTC) Bounces Back Above $9,000; Is Another Pre-Halving Rally Underway?

Crypto Wall Street: Goldman Sachs to underwrite Coinbase IPO while JPMorgan says Bitcoin “overbought”

by firstcryptonews
December 23, 2020
0

Wall Street is coming for crypto and how. The two US banks have previously contended against the growth of cryptocurrencies...

Bullish Signal: South Korean Parliament Passes Law That Fully Legalizes Cryptocurrency Holding And Trading

Angel investor says crypto DeFi is one of the best “frontiers” in Silicon Valley today

by firstcryptonews
December 23, 2020
0

The decentralized finance (DeFi) space has seen extreme growth this year, as evidenced by the $15 billion worth of capital...

etoro

eToro Rolls Out Staking-as-a-Service for Cardano and Tron

by firstcryptonews
October 8, 2020
0

Crypto brokerage firms are charging into the cryptocurrency staking scene. More and more cryptocurrency companies are beginning to offer staking...

Next Post
With Libra Hearings Depicting Bitcoin As The Hero, What Can We Expect Next?

With Libra Hearings Depicting Bitcoin As The Hero, What Can We Expect Next?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Brise Paradise’s Lifestyle Token $PRDS for a Life Filled with Luxury and Leisure

Brise Paradise’s Lifestyle Token $PRDS for a Life Filled with Luxury and Leisure

3 years ago
Genesis Spirits, the Latest Entrant in the NFT Space, Captivates Millions!

Genesis Spirits, the Latest Entrant in the NFT Space, Captivates Millions!

2 years ago
Pay with Crypto Company – YES WORLD is now offering utility services in 80 countries

Pay with Crypto Company – YES WORLD is now offering utility services in 80 countries

2 years ago
Ordinary Citizen Project – New Digital Currency Launches to Empower Small-time Investors

Ordinary Citizen Project – New Digital Currency Launches to Empower Small-time Investors

2 years ago
Exclusive Claude Monet Water Lilies Licensed NFTs To Release In 3D and Augmented Reality on ElmonX

Exclusive Claude Monet Water Lilies Licensed NFTs To Release In 3D and Augmented Reality on ElmonX

2 years ago
A ONCE IN A LIFETIME OPPORTUNITY TO OWN A PIECE OF HISTORY AND PUT YOUR NAME INTO THE METAVERSE

A ONCE IN A LIFETIME OPPORTUNITY TO OWN A PIECE OF HISTORY AND PUT YOUR NAME INTO THE METAVERSE

3 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

AGII Powers Predictive Logic Engines to Strengthen Blockchain Automation Accuracy

AGII Powers Predictive Logic Engines to Strengthen Blockchain Automation Accuracy

June 2, 2025

Press Release

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

May 31, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News