The launch date of the Bakkt platform is approaching, as only two days remain.

The Arab Bitcoin website has previously talked about the Bakkt platform and the launch date of its services, which most of the crypto community is waiting for.

On September 23, the Bitcoin futures product will be launched by a federally regulated platform and agency with global media exposure.

If the Bakkt platform works as planned, it will provide institutional investors with a safe and well-controlled place to trade and trade bitcoin.

This, in turn, could help mitigate issues with volatility, increase confidence, and help with the broader adoption of bitcoin — which means greater adoption of digital assets.

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Through futures contracts offered by Bakkt, investment funds or brokerages that trade the contracts will be able to route their payments and secure the delivery of their bitcoins through the same ICE clearinghouse that protects the settlement of contracts traded by the global oil giants.

The newly purchased tokens will be stored in a secure repository overseen by the same ICE team with the same security measures that protect stock trading on the New York Stock Exchange.

The Bakkt platform was presented as an idea and now it will become a reality that was first directed by Mr. Jeff Sprecher, the founder and CEO of ICE, and the current CEO of the Bakkt platform is Mr. Kelly Loeffler.

It was expected that the Bakkt platform would be launched last December 2018, to be postponed to January 2019, and then it was decided in the current month of September, and most of the previous postponements were for regulatory and legal motives.

Will the official Bakkt platform launch affect Bitcoin?

The Bakkt platform has received great interest from followers of the cryptocurrency market, as it will bring institutional investors to the Bitcoin market.

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Also, many investors are looking for a safe, reliable and legally approved platform to deposit their money in.

In this regard, Kelly Loeffler said:

The money that trades on our stock exchanges tells us that they don’t want to deal in the unregulated markets today

She wants the overall federal oversight and she wants to feel safe trading Bitcoin.”

With the huge size of Bakkt entering the Bitcoin futures contracts, this would control and mitigate price fluctuations.

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What makes Bitcoin a stable and reliable currency, and if that happens it will not be difficult for Bakkt to create an app or any other way to retail Bitcoin and provide Bitcoin in front of ordinary users

And providing it for daily use through partnerships with major companies that provide consumer services, such as Starbucks.

There is not much time left until we start watching the impact of entering the Bakkt platform on Bitcoin, whether the effect is accelerated and strong or slow and weak.

Read also:

Why is the news of Bakkt joining the crypto market the best news for Bitcoin investors?

Bitcoin insurance on Bakkt exceeds $120 million

The Bakkt platform reveals the date of opening registration for investors