News Bakkt CEO Says Their Solution Allows Trading Bitcoin To...

Bakkt CEO Says Their Solution Allows Trading Bitcoin To Be “Fully Collateralized Or Pre-Funded”


- Advertisment -

Bakkt could change the cryptosphere for good. Bakkt is the new company that has been announced by Intercontinental Exchange (ICE) back on August 3.

Yesterday, they stated that via their solutions, “the buying and selling of Bitcoin is fully collateralized or pre-funded.”

ICE’s official press release also said that Bakkt would be offering a one-day physically-delivered Bitcoin futures product:

“As an initial component of the Bakkt offering, Intercontinental Exchange’s U.S.-based futures exchange and clearinghouse plan to launch a 1-day physically delivered Bitcoin contract along with physical warehousing in November 2018, subject to CFTC review and approval. These regulated venues will establish new protocols for managing the specific security and settlement requirements of digital currencies.”

Kelly Loeffler Bakkt CEO offered more details in the official post on Medium.

Bakkt reportedly provides a secure, regulated warehouse solution

She said that in order to achieve a trusted infrastructure for trading, storing and spending digital currencies, Bakkt has to provide the following elements:

  • a consistent regulatory construct
  • transparent, efficient price discovery
  • an institutional quality pre- and post-trade infrastructure

She also said that all these differentiate them from other exchanges which “allow for margin, leverage and cash settlement.”

She went on to say that once you take into account the fact that Bakkt also provides “a secure, regulated warehouse solution,” which can help more institutions and consumers take part in the asset class.

CEO of Pantera Capital believes that people should focus on Bakkt rather than Bitcoin ETFs

Just recently the co-founder and CEO of the crypto-related investment company Pantera Capital, Dan Morehead, commented on the recent news regarding the recent Bitcoin ETF rejection and postponing the ETF proposal until September, as well as the Bakkt cryptocurrency exchange.

According to him, crypto investors should be focusing more on Bakkt instead of Bitcoin ETF.

He said that the launch of the Intercontinental Exchange (ICE)’s Bakkt cryptocurrency exchange is massive news and it would have a significant positive impact on the cryptocurrencies market in the next 5-10 years.

Source link


Please enter your comment!
Please enter your name here

Latest news

Ethereum Price Sees $500 for the First Time in Two-and-a-half Years

First launched in 2014, Ethereum or Ether is one of the oldest altcoins and probably the most...

Banking Sector is Ready for a Tech Revolution With Cryptocurrency

When our world is going through a massive change due to COVID-19blow, it is very likely that...

OpenDAO’s Bridge Opens New Possibility for Mass Adoption of DeFi

When Satoshi Nakamoto officially created Bitcoin on January 3, 2009, his vision for the digital asset was...

Crypto’s price surge was mostly due to limited information – here’s why

As the world becomes more and more digitized, the usage of one of the most popular cryptocurrencies,...
- Advertisement -

U.S. Authorities Seized Bitcoin Worth a Total of $1 billion

The cryptocurrencies were in the possession of a person who had hacked Silk road, which was detected...

Top 12 BEST Crypto Trading Bots for 2020

TL;DR: In this article, we present a list of the best Crypto Trading Bots of 2020. If...

Must read

- Advertisement -

Read Next
Recommended to you