The institutional investor-focused cryptocurrency platform in the Intercontinental Exchange (ICE) has formally raised $182.5 million by 12 partners and partners, according to the specific article.
Bakkt also reported in the statement that the company is working with United States regulators -- specifically the Commodity Futures Trading Commission (CFTC) -- to obtain"regulatory approval for physically delivered and warehoused bitcoin," including:
"We have filed our software and also the timing for acceptance is now based on the regulatory inspection process."
Also now, ICE separately announced in a notice that the company"hopes to offer an updated launch timeline in ancient 2019, for the trading, clearing and warehousing of their Bakkt Bitcoin (USD) Daily Futures Contract." In late Novemberthe digital resources platform stated it had been targeting Jan. 24, 2019 because of launching date, pending CFTC approval.
ICE first announced plans to create a Microsoft cloud-powered"open and regulated, global ecosystem for digital resources" in August, since Cointelegraph reported at the time.
Numerous experts and commentators in the crypto and blockchain industry have pointed to Bakkt's forthcoming launching for a major variable which will help crypto markets rally from the year's continuing bear market.