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ICE’s Bakkt Delays Bitcoin Futures Launch


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Word. It was destined to be delayed, just like any other launch of an exchange (e.g. SBI) in crypto. Unfortunately, the crypto community is caught by surprise time and time again, resulting in lower lows. It does get old, don't you think?

While the CEO of Bakkt says the delay is due to “volume of interest” in the company and the “work required to get all the pieces in place”, she deliberately doesn't mention the negativity that has been surrounding the crypto scene for the last week or so after the BCH fork. She (Bakkt's CEO) won't ever admit it, but I am almost certain this is the main reason for the delay.

Edit: grammar

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Digging a little deeper, the CEO of Bakkt commented at the coincidence of the two events. I call BS!

https://www.investinblockchain.com/bakkt-bitcoin-futures-delayed/

However, according to Kelly Loeffler, the CEO at Bakkt, the delay is unrelated to the recent plummet of cryptocurrencies. She explained that there was still “work required to get all the pieces in place.”

 

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How much OTC trading do you suppose is happening right now? I'm sure a portion of buyers were listening to and thinking Tone Vay's 5k btc prediction was a good buy in. These folks are the ones who we be supporting the next bull run 6 month from now. 

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3 hours ago, titi2018 said:

looks like new date is january 24

It is. Nevertheless, I won't believe it has actually launched it until I see it with my very own eyes. The folks behind Bakkt will use literally any excuse to further delay the launch if they please so. 

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1 hour ago, bloopi128 said:

to take advantage of  the price of btc?

I think they don't care about BTC itself or the price for that matter, they only care about the money they can make by trading fees and listing other crypto related trading products. They will wait for the right time to launch their product, which will be when the dust settles. If, for example, Tether collapses in the third week of January and the market tanks even further, they will delay the launch again. 

The delay has nothing to do with "increased interest" or whatever reason the CEO of Bakkt comes up with. The people behind Bakkt are so wealthy and powerful, they could literally hire an army of employees to get their platform up and running by early December if they wanted to. 

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