Bakkt will begin user testing for bitcoin futures on July 22

Bakkt, an Atlanta-based subsidiary of the Intercontinental Exchange, an American firm that owns the New York Stock Exchange, will begin user acceptance testing for its Bitcoin futures contracts on July 22, 2019.

As mentioned in a blog post published by Adam White, the Chief Operating Officer at Bakkt, the company's Bitcoin futures will be listed and traded on ICE Futures U.S. and cleared at ICE Clear U.S.Crypto markets need better trading tools, more regulatory clarity.

Bakkt to offer physically-settled Bitcoin futures contracts.

Bakkt's management intends to provide compliant financial products by offering regulated custody as part of their daily and monthly margined Bitcoin futures contracts.

One of Bakkt's most highly anticipated product offerings is physically settled daily futures contracts for Bitcoin.

Companies like Bakkt and LedgerX could potentially allow more bitcoin to enter institutional markets by offering physically settled BTC futures.

Crypto traders will be required to pass know-your-customer and anti-money laundering checks before being allowed to acquire Bitcoin futures contracts.

Currently, Bakkt's management is waiting for regulatory clearance from the Commodity Futures Trading Commission before launching its crypto futures products.

Bakkt to list daily and monthly bitcoin futures contracts.

The company's trading desk is planning to list a daily settlement Bitcoin futures contract, which allows traders to perform transactions in a "Same-day market." Bakkt will also list monthly Bitcoin futures in order to enable trading in the "Front month and across the forward pricing curve."