Happy Friday. August tends to be a slow month for markets here in the US, but as we all know, Bitcoin never sleeps.
Back in early June we wrote an information piece on the role of an Agency Broker and how they fit in terms of the trading life-cycle. As we mentioned in that morning report, BitOoda’s NFA/CFTC registered Introducing Broker, Ooda Commodities, LLC can not only help advise and execute bilateral derivatives and structured products, but also broker and ‘Block’ exchange listed contracts for our clients.
On that note, we have finally received a hard date on the Bakkt Bitcoin Futures launch, which will commence trading on September 23rd. We can assist our clients in getting set up with ICE Futures U.S., as well as recommending suitable Futures Commission Merchants (FCM) for their trading needs. For those clients looking to enter the futures space, Ooda Commodities has the ability to ‘block’ Bakkt Bitcoin Futures trades on your behalf into ICE Block.
As these Bakkt products come to light, we see this as another important milestone for institutional adoption and the overall investment and growth in the crypto space. We at BitOoda are poised to take advantage of this positive momentum to help both our current clients of ‘crypto-present’, as well as bringing our professionalism and deep experience from our commodities backgrounds as well as our hard stance for rules and regulations into ‘crypto-future’.
Have a great weekend!