Bakkt, the long-awaited Bitcoin (BTC) futures platform from the intercontinental Exchange (ICE), has begun testing the delivery of BTC futures, per an official tweet on July 22.

Per the tweet, client acknowledgment testing for Bitcoin every day and month to month fates started today with members from around the globe.

The platform at first declared the launch of futures testing in June, once Bakkt COO Adam White expressed, “On July 22, 2 days once Apollo 11’s 50th anniversary, Bakkt can initiate user acceptance testing for its Bitcoin futures listed and listed at ICE Futures U.S. and cleared at ICE Clear U.S.”

White then said that the introduction of Bitcoin futures can facilitate usher in additional institutional participation in cryptocurrency markets.

Bakkt’s Bitcoin futures are physically delivered via a method referred to as “warehousing,” which is able to supposedly presage well from a value discovery standpoint, however, cause some concern among regulators.

Bakkt has experienced many delays relating to its launch as regulators just like the U.S. commodity Futures trading Commission investigated the platform’s compliance procedures and its potential impact on markets.

Last week, Sam Doctor, the managing director, and quant strategian at Fundstrat Global Advisors, expected that full futures trading on Bakkt can launch this quarter. Doctor said:

“There seems to be an important mass of adopters able to return on board on Day 1 of the Bakkt launch, with the sales team gaining traction among brokers, market manufacturers, prop trading desks and liquidity suppliers.”

To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube,  Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now