The head of the new integrated trading platform Bakkt Kelly Lafler said that the platform will not support margin trading, and all transactions are fully secured by assets.
“With our decision in buying or selling bitcoins will be fully secured or pre-funded. Thus, our bitcoin contract will be traded on margin or shoulder, or be used as a paper claim on a real asset”, — said Kelly Lafler.
Also the head Bakkt told new details about the upcoming launch of the platform. So, currently “a reliable framework for creating exchange”. This framework will have several important characteristics, including compliance with regulatory requirements of regulators, a transparent system of pricing on the assets and infrastructure at the institutional level.
Recall that the creation of a platform Bakkt engaged parent company of the new York stock exchange (NYSE) and one of the world’s largest financial corporations, Intercontinental Exchange (ICE) in partnership with Microsoft, Starbucks and BCG.
Ecosystem Bakkt will include regulated at the Federal level, stock exchange, custodian services, applications for merchants and users. Bitcoin, as the most liquid cryptocurrency, will be the first listing of the new platform and will be traded in pairs with Fiat currencies.
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