BREAKING: The Starbucks, NYSE, Microsoft cryptocurrency venture will launch before the end of THIS YEAR!

Just a couple months ago we covered the announcement of the formation of a new company called "Bakkt" - to catch up on that, read our article 'What to expect from the New York Stock Exchange, Microsoft, and Starbucks cryptocurrency alliance' here - and it appears they're moving fast, putting those plans into motion.

Today, according to a press release that was just put out by the parent company of the New York Stock Exchange - we have a launch date!

"ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on Wednesday, December 12, 2018

The Bakkt Bitcoin (USD) Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt LLC, ICE’s Digital Asset Warehouse, and will be cleared by ICE Clear US, Inc. Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day"

This is the first of several services they plan to eventually offer. 

The full press release is available here.

Author: Ross Davis
E-Mail: Twitter:@RossFM
San Francisco News Desk