The new crypto-exchange platform Bakkt plans to launch its first product in the form of bitcoin futures trading with the supply of physical bitcoin against US dollars, euros and the British pound sterling.
At the same time, representatives of the company assume that the purchase of one futures contract in the pair USD / BTC will result in the delivery of 1 BTC per day to the client's account.
Recall that, according to the head of Bakkt, Kelly Loeffler, announced in August by the operator of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), the site intends to make digital assets more liquid by launching new products in the infrastructure, updated standards security, as well as access to markets and information.
Our first contracts will be supplied by Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD / BTC futures contract will result in daily delivery of one Bitcoin into the customer's account.
– Bakkt (@Bakkt) September 25, 2018
A week ago, Bitcoin Core developer Bryan Bishop, former Managing Director of Morgan Stanley Caitlin Long, an e-commerce developer Christopher Allen, founder of Ernst & Young's blockhouse division, Angus Champion de Crespini ( angus Champion de Crespigny) and investment funds lawyer Gavin Fiera (Gavin Fearey) sent to the Commission on the securities and Exchange Commission (SEC) a letter in which he said finregulyatoru their concerns in relation to Bakkt regulation.
