{"id":195440,"date":"2018-11-21T05:00:58","date_gmt":"2018-11-21T10:00:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/uh-oh-bakkt-crypto-futures-delayed-until-january\/195440"},"modified":"2021-07-28T05:27:02","modified_gmt":"2021-07-28T09:27:02","slug":"uh-oh-bakkt-crypto-futures-delayed-until-january","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/uh-oh-bakkt-crypto-futures-delayed-until-january","title":{"rendered":"Uh Oh! Bakkt Crypto Futures Delayed Until January"},"content":{"rendered":"

 <\/p>\n

Oh, the timing\u2026<\/p>\n

Amid a crypto bear market sell-off<\/a>, which sparked Bitcoin\u2019s foray under $4,500, one of this industry\u2019s most-awaited, to-be-launched platforms have claimed that it will be formally delaying its launch. This announcement, frankly, couldn\u2019t have come at a worse time.<\/p>\n

ICE-endorsed Bakkt \u201cTarget\u201d January Release For Crypto Futures<\/h2>\n

Since the announcement of Bakkt in early-August, a number of crypto investors have optimistically claimed that the Intercontinental Exchange (ICE)-backed venture could revive the somewhat lifeless cryptocurrency market. However, after a multi-month hype cycle, Bakkt, a crypto-centric initiative backed by household names like Microsoft and Starbucks, has divulged that it has fallen victim to an unfortunate road bump.<\/p>\n

Through a Medium<\/a> post on the matter, Bakkt CEO Kelly Loeffler, formerly of ICE, revealed that her startup is now \u201ctargeting\u201d January 24th, 2019 as its inaugural\u00a0day in business. This announcement comes just weeks after ICE, a key participant in Bakkt, noted that the platform would launch its physically-backed Bitcoin futures contract on December 12th.<\/p>\n

Loeffler, evidently aiming to calm investors\u2019 fears about Bakkt, explained that \u201cgiven the volume of interest in Bakkt and work required to get all our pieces in place,\u201d a delay would be in order to ensure that Bakkt\u2019s clients and partners are adequately prepared.<\/p>\n

The startup representative added that product launches aren\u2019t cut and dried, subsequently explaining that crypto\u2019s status as a new technology hasn\u2019t done much to alleviate qualms. Loeffler, who once acted as ICE\u2019s head of communications, elaborated:<\/p>\n

\u201cAs is often true with product launches, there are new processes, risks and mitigants to test and re-test, and in the case of crypto, a new asset class to which these resources are being applied. So it makes sense to adjust our timeline as we work with the industry toward launch.\u201d<\/p><\/blockquote>\n

The 40-day delay aside, Bakkt has maintained that it is hell-bent on putting its nose to the grindstone, so to speak.<\/p>\n

Just recently, the American crypto startup, which is aimed at retail, institutional, and merchant players alike, hired Adam White, Coinbase\u2019s fifth hired employee and former institutional product head. White\u2019s experience in the institutional crypto subindustry, along with his rolodex\u00a0of industry contacts, will likely aid Bakkt\u2019s efforts to bring cryptocurrencies to the mainstream.<\/p>\n

Related Reading:\u00a0Former Coinbase Executive Joins Bakkt Amid Crypto Futures Launch, Massive Anticipation<\/a><\/em><\/strong><\/h5>\n

Loeffler, wed to ICE CEO Jeff\u00a0Sprecher, then noted that the \u201clevel of collaboration at the exchange, customer, and regulatory levels are unprecedented in terms of engagement and effort,\u201d indicating that crypto\u2019s dismal market conditions haven\u2019t fazed the \u201cBUIDLers,\u201d a moniker given to this industry\u2019s diehard believers.<\/p>\n

Concluding the post, it was noted that Bakkt is looking into expanding its offerings, but Loeffler was hesitant to give details on those\u00a0\u201cnew features\u201d at the time of press. However, what the CEO did reveal is that Bakkt has secured cold storage insurance for its Bitcoin (BTC) holdings, a claim-to-fame that is likely to entice institutional investors into crypto.<\/p>\n

Still, while the Medium message ended on a high note, with Loeffler conveying a silver lining, the bottom line is that Bakkt\u2019s futures vehicle isn\u2019t poised to go live. And, as alluded to earlier, the timing couldn\u2019t have been much worse. Some pessimists have argued that Bakkt\u2019s recent announcement imbued the cryptocurrency market with more skepticism. But, considering the tumultuous market condition, no one can be all too sure.<\/p>\n

Featured Image from SHutterstock<\/pre>\n
 <\/p>\n
The post Uh Oh! Bakkt Crypto Futures Delayed Until January<\/a> appeared first on NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"
  Oh, the timing\u2026 Amid a crypto bear market sell-off, which sparked Bitcoin\u2019s foray under $4,500, one of this industry\u2019s most-awaited, to-be-launched platforms have claimed […]<\/a><\/div>","protected":false},"author":1042,"featured_media":195442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-195440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\nUh Oh! Bakkt Crypto Futures Delayed Until January - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Amid a crypto bear market sell-off, which sparked Bitcoin\u2019s foray under $4.5k, one of this industry\u2019s most-awaited, to-be-launched platforms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uh Oh! Bakkt Crypto Futures Delayed Until January\" \/>\n<meta property=\"og:description\" content=\"Amid a crypto bear market sell-off, which sparked Bitcoin\u2019s foray under $4.5k, one of this industry\u2019s most-awaited, to-be-launched platforms.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-21T10:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-28T09:27:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/f91277c5006274c518478fde016bcbf2\"},\"headline\":\"Uh Oh! Bakkt Crypto Futures Delayed Until January\",\"datePublished\":\"2018-11-21T10:00:58+00:00\",\"dateModified\":\"2021-07-28T09:27:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440\"},\"wordCount\":599,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440\",\"name\":\"Uh Oh! Bakkt Crypto Futures Delayed Until January - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png\",\"datePublished\":\"2018-11-21T10:00:58+00:00\",\"dateModified\":\"2021-07-28T09:27:02+00:00\",\"description\":\"Amid a crypto bear market sell-off, which sparked Bitcoin\u2019s foray under $4.5k, one of this industry\u2019s most-awaited, to-be-launched platforms.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png\",\"width\":200,\"height\":200},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/f91277c5006274c518478fde016bcbf2\",\"name\":\"Nick Chong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0ecb97a5437b89182cd7d23578963950?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0ecb97a5437b89182cd7d23578963950?s=96&d=mm&r=pg\",\"caption\":\"Nick Chong\"},\"url\":\"https:\/\/insidebitcoins.com\/author\/nick-chong\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Uh Oh! Bakkt Crypto Futures Delayed Until January - InsideBitcoins.com","description":"Amid a crypto bear market sell-off, which sparked Bitcoin\u2019s foray under $4.5k, one of this industry\u2019s most-awaited, to-be-launched platforms.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440","og_locale":"en_US","og_type":"article","og_title":"Uh Oh! Bakkt Crypto Futures Delayed Until January","og_description":"Amid a crypto bear market sell-off, which sparked Bitcoin\u2019s foray under $4.5k, one of this industry\u2019s most-awaited, to-be-launched platforms.","og_site_name":"InsideBitcoins.com","article_published_time":"2018-11-21T10:00:58+00:00","article_modified_time":"2021-07-28T09:27:02+00:00","og_image":[{"width":200,"height":200,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png","type":"image\/png"}],"author":"Nick Chong","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nick Chong","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440"},"author":{"name":"Nick Chong","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/f91277c5006274c518478fde016bcbf2"},"headline":"Uh Oh! Bakkt Crypto Futures Delayed Until January","datePublished":"2018-11-21T10:00:58+00:00","dateModified":"2021-07-28T09:27:02+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440"},"wordCount":599,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png","articleSection":["More Crypto News"],"inLanguage":"en-US","copyrightYear":"2018","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440","name":"Uh Oh! Bakkt Crypto Futures Delayed Until January - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png","datePublished":"2018-11-21T10:00:58+00:00","dateModified":"2021-07-28T09:27:02+00:00","description":"Amid a crypto bear market sell-off, which sparked Bitcoin\u2019s foray under $4.5k, one of this industry\u2019s most-awaited, to-be-launched platforms.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440#primaryimage","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/cropped-favicon-200x200-171.png","width":200,"height":200},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/f91277c5006274c518478fde016bcbf2","name":"Nick Chong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0ecb97a5437b89182cd7d23578963950?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ecb97a5437b89182cd7d23578963950?s=96&d=mm&r=pg","caption":"Nick Chong"},"url":"https:\/\/insidebitcoins.com\/author\/nick-chong"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1042"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=195440"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/195440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/195442"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=195440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=195440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=195440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}