Bakkt Warehouse to start operations from 6th September

Must Read

5 reasons why Bitcoin Price might crash hard soon

Bitcoin was launched in 2009, and it caught the attention of only a few people. But with time, things...

Celebrity Ben Baller regrets selling 300 BTC for $300,000

Jeweler, Actor, and Musician Ben Baller took to Instagram to reveal what he considers his biggest financial regret. He...

3 hacker groups from North Korea get sanctioned by U.S. for cryptocurrency theft

As North Korea begins the preparations for its second crypto-blockchain conference, the news of 3 North Korean entities being...
Vineet Chaudhary
Vineet Chaudhary
Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

The much-awaited cryptocurrency trading platform Bakkt on 28th August announced that their project, Bakkt Warehouse will start the storage of Bitcoin from September.

All the Bakkt clients will be able to use the Bakkt Warehouse from 6th September onwards. Bakkt Warehouse is the part of Bakkt Trust Company, and it is developed using the same technology and physical security protections which you can see in the New York Stock Exchange.

The storage of Bitcoins will start from 23rd September, which is earlier than the scheduled launch for daily and monthly crypto futures. Bakkt Warehouse will then begin the physical delivery of Bitcoin with end-to-end regulated markets and custody.

Ever since they have announced the launch, the physical delivery of Bitcoins has been the trending topic for the crypto community. The company faced multiple delays in the start of the platform because they were having issues with the compliance of the project.

Physically delivered Bitcoin futures contracts are the type in which the customers are given the actual cryptocurrency once the contract expires. Bakkt settles the Bitcoin futures physically, and this means the client will receive the physical delivery of Bitcoin.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

Leave a reply

Please enter your comment!
Please enter your name here

Latest News

5 reasons why Bitcoin Price might crash hard soon

Bitcoin was launched in 2009, and it caught the attention of only a few people. But with time, things...

More Articles Like This