Crypto Futures News 

Bitcoin Deposited in Bakkt Warehouse Protected by $125M Insurance

“All Bitcoin deposited at the Bakkt Warehouse is protected by a $125 million insurance policy, the company announced Sept. 9” writes Jack Martin for cointelegraph.com. It took Bakkt a lot of time and effort to gain regulatory certification for its upcoming daily and monthly physically-delivered bitcoin futures products. Existing futures products from the Chicago Mercantile Exchange are cash-settled, whereas Bakkt clients will receive payment in Bitcoin once the futures contract expires.Bakkt started accepting deposits and withdrawals Sept. 6, ahead of the proposed launch of its futures products on Sept. 23.News of the insurance policy covering client deposits, removes yet another concern for the institutional investors that Bakkt hopes to attract.
 
Source: cointelegraph.com



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