Bakkt is designed to support digital assets. From securely storing digital assets to transacting, Bakkt’s regulated ecosystem is built on a foundation of secure technology to serve institutions, merchants and consumers.
We’re partnering with ICE’s leading futures exchange and clearing infrastructure to bring physical delivery futures contracts to market participants in >30 countries. Participants will undergo applicable AML/KYC reviews, consistent with CFTC-regulated markets and connect via ICE’s existing infrastructure.
Bakkt’s focus on compliance spans all aspects of our 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.
The new bitcoin futures contracts have been shaped by our conversations with stakeholders, and offer unique trading, security and risk management features.
Two futures contracts will be listed: 1) A daily settlement bitcoin future, which will enable customers to transact in a same-day market. And 2) a monthly bitcoin futures contract will enable trading in the front month and across the forward pricing curve.
The futures contracts will be margined by ICE Clear US, including the collection of initial margin collateral and variation margin to manage risk. This approach is consistent with capital-efficient risk management practices in global futures markets, ranging from oil and gold to interest rates and equity index futures.
ICE’s Bakkt will offer platform to buy, sell, store and spend digital currencies