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Bakkt Starts Hiring Employees For Futures Exchange After Delays

ยท 25 Jan 2019 in Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Bakkt seems to be hiring employees for the new futures exchange that the company is planning to launch. This is very positive for the firm that has delayed the launching date of the exchange on several occasions. The new career opportunities have been published by Bakkt on its official website.

Bakkt is Currently Hiring Employees

The company that is planning to launch a new crypto futures exchange, Bakkt, is searching for employees. In a recent tweet, the firm announced that they are hiring new individuals to continue with the development of their platform.

The Intercontinental Exchange (ICE) is the parent company of Bakkt. The intention is to launch a new futures exchange that will offer Bitcoin futures contracts backed by physical assets. The current Bitcoin futures contracts offered by the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE) are both cash-settled. That means that firms and investors do not trade the digital assets.

Some of the current career opportunities offered by the company are the following:

  • Director of Blockchain Engineering
  • Blockchain Developer
  • Director of Security Engineering
  • Senior Full Stack Engineer
  • Mobile Developer
  • Software Development Engineer in Test
  • Director of Finance
  • Institutional Sales

The locations for these positions are in New York, Hong Kong, Singapore, Tokyo, Atlanta, Tel Aviv, San Francisco and London.

The company is currently waiting for approval by the Commodity Futures Trading Commission (CFTC). The ongoing government shutdown has also played a negative role in delaying the launch of this platform. The shutdown has also affected other crypto-related projects such as the approval of the first Bitcoin Exchange-Traded fund (ETF) that was presented by VanEck and SolidX.

Bakkt is one of the several traditional financial companies that entered the cryptocurrency space. The company aims at attracting new investors from the traditional financial world. 2018 was the year in which several experts believed that institutions were going to enter the crypto market. However, this did not happen and the price of most digital asset plummetted during the year. Additionally, the demand from institutions remained stable but did not increase the last year.

Now, there are many other companies trying to build the necessary infrastructure for institutions to enter the space. Some of them are Fidelity Investments and Coinbase, among others such as Goldman Sachs.

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