Bakkt reveals more information about the upcoming Crypto Exchange – Coindoo


Bakkt recently revealed in a blog post on Medium more details about his next digital resource trading platform.

The post was the first one made since the newly established company made its initial announcement this month. The platform has received much media attention due to their corporate affiliations including Starbucks, Microsoft and Intercontinental Exchange (ICE).

Bakkt plans to launch an exchange platform that will enable professional and institutional encryption, allowing "a scalable scaling for institutional, mercantile and consumer participation." If the platform will be approved by the US Commodities and Futures Trading Commission (CFTC), the launch will take place in November 2018. [19659003] The list of business partners of the next platform includes BCG, Microsoft and Starbucks, among the others, which will further aid the process of adoption of the criptos by the public official.

In Kelly Loeffler, Bakkt's CEO, in the mid-post yesterday, detailed how the company will change the cryptocurrency industry through "A consistent regulatory framework, transparent and efficient pricing discovery, and a pre and institutional quality post-trade.

Loeffler's post also emphasized the concept of " price discovery" which is based on less need for manipulated price movements, and for this, they will work to provide reliable pricing information so as to achieve adoption between institutions and companies To achieve this, Bakkt will not offer trading margins, only fully guaranteed and pre-funded Bitcoin sales.

saying that "with our solution, the purchase and sale of Bitcoin is completely collateralised or pre-financed. Therefore, our new daily Bitcoin contract will not be traded on the sidelines, will not be leveraged or will serve to create a paper credit on a real asset. This supports the integrity of the market and differentiates our efforts from current encryption and futures exchanges that allow margins, leverage and liquidity. "

Bakkt's CEO maintains an optimistic perspective regarding the future of the associated technologies, despite current downward trends." As for the market downturn, Loeffler stated the following:

"At the same time, there are numerous reports that venture capital investments, prime money offerings and research and development related to blockchain and digital assets are well on their way to exceeding 2017 levels. With the potential for efficiency and innovation, attention to new applications and infrastructures indicates a strong appetite for this market and technology. "

Bakkt is one of the first platforms supported by an important US stock exchange that enters the world of cryptocurrency and its actions will most likely be a precedent to follow for others.A similar case would be that of Nasdaq when it announced that the exchange would have started to work in cryptographic space.

[ad_2]Source link