Bakkt platform is preparing to launch Bitcoin futures trading services starting from On the 23rd of next September.

in a statement revealed The Bakkt company recently reported that it has allocated a new insurance policy for its bitcoin deposits, which it has, protect and insure, with a financial value of $125 million.

The company has initially started accepting deposits and withdrawals, and the service of trading Bitcoin future products will be available on time on September 23.

Bakkt has had a hard time seeking the licensing and regulatory certifications required for its Bitcoin futures trading venture.

What distinguishes the Bakkt project from other projects that also specialize in futures contracts, is that it offers future products that can be traded on a daily or monthly basis.

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After Bakkt received official approval, some doubts remained about how the company intends to protect its users’ Bitcoin.

As there is a great security need in the crypto market.

Many users see storing bitcoins in one central location as a threat of total loss.

It seems that Bakkt has thought of its own solutions to provide what is termed as a “bucket warehouse”.

This clearly indicates that the company takes the security aspect into consideration and takes it seriously

Especially in light of its announcement to allocate $125 million as protection and a primary insurance policy.

Bakkt is one of the platforms that the crypto community is looking at with a kind of anticipation due to the fact that it will provide institutional investors with trading Bitcoin contracts.

Some observers believe that $125 million will not be enough to protect bitcoin assets, especially since Bakkt will deal with institutions who usually own and manage large amounts of it.

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