Cryptocurrency platform Bakkt plans to begin trading futures on the delivery of physical bitcoins against US dollars, euros and British pound sterling. The representatives of the company assume the purchase of one futures contract on USD/BTC will lead to delivery to the customer’s account 1 BTC per day.
Our first contracts will be physically delivered futures contracts of Bitcoin versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract will result in the daily delivery of one Bitcoin into the customer’s account.
— Bakkt (@Bakkt) September 25, 2018
Recall that, according to the head Bakkt Kelly Lefler (Kelly Loeffler), announced in August by the operator of the new York stock exchange (NYSE), a company Intercontinental Exchange (ICE) platform intends to make digital assets more liquid due to the launch of new infrastructure products, updated security standards, as well as access to markets and information.
A week ago, a Bitcoin Core developer Brian Bishop (Bryan Bishop), former managing Director of Morgan Stanley’s Caitlin long (Caitlin Long), the developer in the field of electronic Commerce Christopher Allen (Christopher Allen), the founder of blockchain division at Ernst & Young Angus champion de Crespigny (Angus Champion de Crespigny) and the lawyer of funds of Fieri Gavin (Gavin Fearey) was sent to the Commission on securities and exchange Commission (SEC) letter, which informed the financial regulator about their concerns regarding the regulation Bakkt.
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