Kelly Loeffler, the CEO of Bakkt, wrote about a possible release date for the Bitcoin futures platform. Bakkt has been created by the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). As soon as the platform is launched, it will be creating new opportunities for digital assets to grow.
Kelly Loeffler Talks About Bakkt
In a recent medium post, Kelly Loeffler informs that Mike Blandina has joined Bakkt as the Chief Product Officer (CPO). He will be working so as to create a trusted ecosystem for digital assets with different use cases.
Mr. Blandina has more than 25 years of experience in payments across product, engineering, strategy and also operations. He has been working as the CTO at OneMarekt. He also worked at PayPal and Google. Blandina has also deep experience in the payments and fintech industry and has served as a member of the Money2020 advisory board.
At the same time, Loeffler said that they are working to receive all the regulatory approvals in order to create more opportunities for digital assets to grow in the market.
On the matter, Loeffler wrote:
“As a former marathoner, this point in time recalls the stage in the training regimen when you’re putting in long runs with your training team. Race day is approaching, and there is more work to be done. I’m proud to be going the distance with this growing team and of the culture, we are building, while bringing digital assets into the mainstream economy.”
According to Dan Berkovitz, Commissioner of the Commodity Futures Trading Commission (CFTC), they are working in order to review all the applications, including the one presented by Bakkt. Although there are several bad actors in the space, the commission is pro-crypto and also pro-innovation. They only want to take bad actors away.
Berkovitz commented that technologies can take a long time to be developed. As she explained, in the short term, there are many different uses for virtual currencies. Meanwhile, in the longer term, the development of the industry could be a process of several years.
Bakkt aims at providing regulated services related to virtual currencies to institutional and traditional investors. With their platform, they address many of the issues that did not allow investors to enter the crypto space. It is expected that with the official launch of this platform, new funds would start entering the virtual currency market.