Foreign media: Sources said that Bakkt plans to launch in the third quarter, but some plans have risks

According to The Block, a source close to Bakkt said that Bitcoin futures settlement platform Bakkt is preparing to announce the third quarter's listing date, but plans for its initial product structure have been leaked, raising questions. The project, supported by the Intercontinental Exchange (ICE), is still awaiting the approval of the New York Financial Services Department (NYDFS) to operate Bakkt Warehouse, which will enable Bakkt to operate as a limited-purpose trust company. If approved, Bakkt Warehouse will become a qualified custodian of Bitcoin, providing support for Bitcoin's physical futures delivery. However, many industry insiders said that part of the company's plan to launch has taken too much risk.