Only been a month, and then comes the long-awaited Bakkt live! Bakkt released in futures contracts on september 23, 2019, but institutional clients may use their bitcoin is already on the 6th of september to the Bakkt send it in.
On September 6, our Warehouse will start offering the secure storage of customer bitcoin is to prepare for the launch of Bakkt Bitcoin Daily Value of Futures contracts when they launch on September 23
These contracts will enable the physical delivery of bitcoin, with an end-to-end regulated markets and to the point
— Bakkt (@Bakkt) August 28, 2019 At The Latest
Contents
Why is it Bakkt else?
There are a number of organizations that futures contracts on the price of bitcoin to offer to our institutional clients. For example, in the CME. This can be, eventually, fiatgeld be paid, and there is not a single bitcoin purchased. Bakkt is the first game in which futures contracts using bitcoins will be refunded. Although, at first, Coinflex, it offers strong competition from the Asian angle.
With the institutional adoption of cryptocurrency is gradually increasing, but there are only a few viable product in order to be safe and simple to invest in bitcoin, at least for such a large party. That is what is Bakkt, just in time, with their own infrastructure.
Reliable
Bakkt is supported by the Intercontinental Exchange (ICE), and they are, in their turn, the owner of the New York Stock Exchange (NYSE). This is given that the lender is one of the most prestigious names, this is a very important statement that Bakkt is safe and secure for our institutional clients. With such a large company behind it Bakkt, investors can rely on the high quality of service, safety, and proper insurance coverage.
With the launch of their Warehouse, which means that the product is ready, and with the success of the pilot phase, the user has to go through. Bakkt can now start with the process of the customer and the acceptance of their BTC deposits. These deposits are used as collateral for the settlement of trading in futures contracts.
Feeling
In the first part of the Bakkt it was at the beginning of 2019 at the latest, to the launch, but several delays in the regulatory side of the launch to the end of 2019 as well. From the beginning of 2018, there was talk of that is institutional money in the market to great heights and down. But in 2018, it was mostly news about the postponement and rejection of the Bakkt and ETF’s. This has to be the sentiment around the cryptocurrency in 2018 and beyond do not necessarily have to be well done.
Coinflex influences from Asia,
Cryptobeurs CoinFlex was in February 2019 at the latest live. They tend to focus on the cryptohandelaren in the Asian market. Mark Lamb, CEO of CoinFlex, he says, is that it be physically delivered, bitcoin futures contracts are better for the dealers than if the contracts, funds are to be disbursed. Traders can be sure that it is not tampered with, the spot and futures prices of the coins.
Both large and small traders, have been the victim of price manipulation in the cash-settled futures market. Physically-delivered contracts, on the other hand, ensure that traders are underlying the bitcoin received. Here, there are no crazy formulas involved.