Bakkt is considered one of the stages of a long journey, the end result of which should be almost full adoption of Bitcoin in the world. So says General Manager of Intercontinental Exchange Jeff Sprecher. The wait is long. 22 Jul Bakkt will begin the first phase of testing futures trading on Bitcoin.
Why is it so important? This day can be considered the birthday of the new standard in the industry of cryptocurrency. Thanks to the efforts of the leadership of the ICE access to trading digital assets with high liquidity will be as easy to investors and major players. In the end, a robust infrastructure will help solve some of the difficulties you may encounter on the stock market.
What hinders the development of cryptocurrencies?
Then see the existing problems of the stock market and the alternative solutions from Bakkt.
Financial regulators do not have a clear plan of action regarding digital assets.
Completely new environment with the regulation of Bitcoin, custodial services, major customers, trade contracts on regulated markets at the Federal level.
Too much difference in price even between the major BTC trading platforms.
Contracts with physical delivery, the closing price which will be based only on the futures market Bakkt without outside influence.
Manipulation in trading on cryptomeria.
For Bakkt will follow at the Federal level. Any inconsistencies in the behavior of the market will be an occasion to research the relevant Federal agencies of the United States.
Full monitoring of the participants of the stock market is virtually impossible.
Anyone who wishes to trade on the Bitcoin South will have to go through the KYC procedure and to comply with legal regulations on counteracting money laundering.
Risks in partnership with contractors.
Between the buyer and seller will stand clearing house, providing a deal to cover counterparty risks. Also to cover potential deficits of provision was allocated $ 35 million from the ICE.
The lack of standards for monitoring digital assets.
Representatives Bakkt I assure you that the market will be controlled a hundred percent that no one trader could not take actions that could harm other participants.
Potential conflicts of interest between traditional cryptomeria and their clients.
ICE Futures is a neutral and transparent trading platform, which does not assume any risk, and does not keep balance in BTC.
Dozens of cases of break-ins cripture that resulted in the theft of money and personal information.
Bakkt will serve as a custodial service for Bitcoin, which is not affected by ICE. For Bakkt allocated a completely separate management personnel, the company is insured for 100 million dollars.
The sharp falls of prices of a digital asset, from which users of traditional kryptomere almost nothing is safe.
Marketplace from ICE will be able to handle millions of user requests per day in all market conditions.
High transaction fees interfere with the normal process of trade.
In Bakkt promise that the price of futures education will be the most adequate and will not lead to this problem.
How about the Bakkt you? You see it as a threat for the market? Go to the discussion in cryptcat of hontarov.
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