Last week, the world’s largest coffee chain Starbucks denied the information on intention to accept bitcoin in their establishments. The company explained that only wish to help Microsoft and the new York stock exchange (ICE) to develop a platform Bakkt to make purchases with cryptocurrency.
Meanwhile, Bakkt is one of the most promising projects in the cryptocurrency market. The platform will allow both individual investors and funds and other institutional investors to make transactions with cryptocurrency. In addition, the project intends to produce protected from fluctuations of the futures on Bitcoin, and the market participants are positive about its prospects, according to Bitcoinist.
What does it mean for the market launch Bakkt
CEO of LMAX Exchange, David Mercer believes that one-day futures contracts on the Bitcoin, which offers Bakkt is exactly what the market needs.
Unlike futures funds where the trader receives weekly the difference between the purchase or sale, Bakkt allows you to get Fiat money for Bitcoin exchange rate fluctuations during the day. According to the head of the investment company Chain DV Garrett si, such contracts make the investment less risky and will attract the major players.
Chapter Foundstrat Tom Lee believes that the futures Bakkt have a significant advantage over the Binance exchange and Coinbase, and soon the volume of trading will exceed a similar indicator on the major exchanges.
Mike Novogratz added that the launch of the futures will cause the next long wave of growth rate of Bitcoin. Let’s hope the analyst is right — otherwise you’ll have to wait another six months before the SEC will accept the ETF. Or not take.
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