RATE Group | Bakkt Will Trade ‘Pre-Funded’ Bitcoin – Not Paper Claims, CEO Confirms
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Bakkt Will Trade ‘Pre-Funded’ Bitcoin – Not Paper Claims, CEO Confirms

21 Aug Bakkt Will Trade ‘Pre-Funded’ Bitcoin – Not Paper Claims, CEO Confirms

Posted at 14:27h in Bitcoin News by

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Bakkt, the digital asset platform announced a couple of weeks ago, won’t support margin trading, according to its CEO. The solution will aim to facilitate institutional investment, providing the much-needed infrastructure for it.   

Bakkt Not Like the Rest

Bitcoinist reported August 3 that the owner of the New York Stock Exchange (NYSE) – the Intercontinental Exchange (ICE) is teaming up with marquee companies among which Starbucks, BCG, and Microsoft, to create a new digital asset platform geared to solve much of the current industry issues.

Yesterday, Bakkt’s CEO, Kelly Loeffler, outlined the major principles that the platform will be built to accomplish: an infrastructure for institutional investments, transparent and efficient price discovery, and a consistent regulatory construct.

According to Loeffler, Bakkt will be essentially different than existing cryptocurrency exchanges because of the physical delivery. She notes that the buying and selling of bitcoin 00 will…

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