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When will the Bakkt platform be launched

02/11/2019
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According to many experts, the launch of the Bakkt platform is able to change the situation on the cryptocurrency market radically. However, the SEC has already twice postponed the issuance of permits for a Bitcoin-ETF financial contract. The rumours that the website will work on March 12 were far from reality as well.

Rumours and facts about Bakkt

In early February, the bakktplatform.io website published information that the platform will be launched on March 12. However, there were some strange statements on the website that made investors doubt in its authenticity. So, it was said about the guaranteed yield of 27.5%, which contradicts the principles of the trading floor. In addition, official sources did not confirm the authenticity of the website, so you should not take it seriously.

But if the start on March 12 does not take place, when will the Bakkt platform be launched? The ICE head Jeff Sprecher answered this question best of all. He said that this would happen during 2019. However, he warned the community against unnecessarily high expectations. In his opinion, this is an investment with very long prospects. The new platform is more an infrastructure project than a conventional investment.

In order for the project to work in full force, SEC approval for the work of the Bitcoin ETF fund is necessary. Nevertheless, the regulator has already postponed decision making twice. Due to that fact, the launch of the Bakkt platform did not take place on either December 12 or January 24. Because of the shutdown, the application to the SEC was withdrawn, so now it is impossible to talk about the deadlines with some degree of confidence.

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When will Bakkt be launched

The companies themselves admit that they still have a lot of work. During deferments, Bakkt performs its activity in development. It has increased its staff 3 times and continues to look for new employees.

CFTC insider information suggests that the authorities are very close to issuing a permit. Perhaps only because of the shutdown Bitcoin-ETF contracts are not yet available to investors. After its termination, the SEC will make a positive decision with high probability.

Some experts say that this can happen in early spring. Then the launch of the Bakkt platform will be a logical continuation of the project development process. In total, $ 182.5 million was invested in it, which was provided by 12 major investors.

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