The Bakkt cryptocurrency platform, owned by the Intercontinental Exchange, can once again postpone the launch date. Regulators do not reject the initiative as such, but delay the issuance of permits.
The regulated platform was supposed to start on January 24, 2019 along with the bitcoin futures market and storage platform. However, the company is still awaiting approval from the regulator of the United States – Commodity Futures Trading Commission (CFTC).
In particular, the Commission must provide Bakkt with permission to store bitcoins on behalf of its customers. CFTC typically requires users to keep their funds with third parties — at a bank, trust or futures trading company.
According to anonymous sources, the delay may take several days, and the platform will be able to officially begin its work on January 30th. The commission should bring (or not) the launch of the platform for public discussion. After 30 days, regulators will review the comments received, and then return to the issue of launch.
Given the proximity of the Christmas holidays, regulators are likely to start work after the holidays on December 26, 2018. Bakkt should announce a new launch date next week.