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The heavy pound benefit that financial tycoon enters will continue to produce effect very much, bit money hopeful breaks through 8000 dollars, impact is higher.
Civil | Lin Zhonglu Sun Yao
In rich amount to, the traditional banking tycoon such as TD Ameritrade comes out layout bit money trades after business, button joins a parent company Bakkt of close money exchange is added to also do not sit below ICE and banner.
On May 13, ICE trades to American commodity futures committee (CFCT) submit two application document, cent is not file name " contract of futures of monthly of 19-161 bit money appears on the market " , " contract of daily futures of 19-160 bit currency appears on the market " . Two files are aggregate 53 pages, what introduced product of futures of currency of two different bit in detail is specific run a mechanism. Pace of ICE of prep close behind, kelly Loeffler of Bakkt presiding apparitor releases Bo Wen on Medium, announce this to weigh pound word:
Bakkt will check bit currency futures to trade in July. Those who test trading mark is products of afore-mentioned futures of currency of two kinds of bit.After the endless preparation that passes large half an year, the product of bit currency futures that Bakkt drafts to roll out gains substantial headway eventually. Introduce according to its, CFTC has 10 days of time to evaluate the contract of bit currency futures of Bakkt now, any objection can raise before its roll out a product formally.
In this the problem is " & of bit currency futures is mandatory: The poor dissimilation method of Bakkt " in the article, kelly Loeffler still announces at 5 o'clock information:
1.Will go up line agreement of money of two kinds of bit: The bit currency futures of day settle accounts, reach agreement of futures of monthly bit currency; 2. In these standard agreement, the formation of the price will get the support of reliable tool, be abused in order to detect or trade ruinously behavior; 3. Futures contract will liquidate place by ICE (the United States) provide earnest money, include collection initiative security guarantee and the fluctuant earnest money that are used at running a risk; 4. Bakkt will invest 35 million dollar to bill bourse, take risk in all with market participator and accrual; 5. The eligible and mandatory person of Bakkt will provide the integrated and mandatory service of the objective complete a business transaction of bit money and safe memory.From last year offer in year compose builds Bakkt platform to formal last year in October Guan Xuan, arrive again the beginning of the year announces to finish the financing of 180 million dollar that comes from the capital such as Buck of Microsoft, star, Galaxy Digital this year, when Bakkt is developing quickly, futures of its bit currency did not get the fast let sb pass of CFTC however. Now, this boots that is hanged in half sky wants be born eventually.
Return market level respect, profit from is rich amount to, the entrance of the financial tycoon such as TD Ameritrade, value of currency of near future bit is swift and violent rise. After force of labor of 5000 dollars concussion, BTC was in recently multiple profit is good drive next successive breakthroughs 6000, 7000 dollars close greatly.
On May 11, BTC is started from 6300 dollars, break through 7000 dollars to come quickly highest 7343 dollars, the most rising exceed 1000 dollars. On May 12, BTC adjusts concussion, but brief drop after splitting 7000 dollars, rebound, continue look forward to is firm 7000 dollars, till evening was pulled quickly on May 13,rise to force 8000 dollars close greatly continuously. Although at present BTC still is affected by upper part high pressure, pull quickly after rising or have not small callback. But announce significant progress as Bakkt now, the heavy pound benefit that financial tycoon enters will continue to produce effect very much, bit money hopeful breaks through 8000 dollars, impact is higher.
△ multiple profit is good drive, bit money forces continuously 8000 dollars
Release in the closest public information in, adam White of official of Bakkt presiding operation elaborated our mandatory route chart, and the security that digital asset stores is right the importance of our strategy. Today, we are very glad to introduce Bakkt and ICE futures exchange to you (the United States) liquidate place with ICE (the United States) the contract of bit currency futures of joint development. We and commodity futures trade committee (CFTC) clasp, made satisfy a client to trade already demand, diaphaneity and market determinism, accord with the futures contract of federal statute again.
Active the client that is adding close currency market, and a lot of clients that still are waiting to enter, right to speak is had on the design that portrays first product. If refer American commodity futures today,trading the place of file of ICE futures exchange of committee is expatiatory, bit currency futures will be in the futures exchange that a few months are superintending future federally appears on the market.
Dispatch of △ Bakkt CEO announces to will be about to check bit currency futures to trade in July
In future a few weeks inside, we cooperate the futures exchange with ICE and liquidation place, for July will the futures of open and mandatory user check and accept a test (User Acceptance Testing, abbreviation UAT) prepare. We will provide more detail in the text that shortly will release, but we hope use UAT will ensure the client has time to participate in come in, will check what we build to trade model and mandatory model, in order to satisfy their requirement.
Contract of new bit currency futures is formed through the discussion of we and partner, will offer trade distinctly, safety and risk management function:
1.Agreement of money of two kinds of bit will go up line
2.The price in these standard agreement forms the support that will get reliable tool, be abused in order to detect or destroy coital easy behavior, include to clean trade. This is meant, the settle accounts price of American ICE futures will be based on the value that discovers in contract of our objective complete a business transaction, and do not depend on do not get market of superintended ready money business.
3.Futures contract will liquidate place by ICE (the United States) provide earnest money, include collection initiative security guarantee and the fluctuant earnest money that are used at running a risk. The capital efficiency risk of this kind of method and global option market manages practice to agree, use this kind of means to interest rate and stock index futures from oil, gold.
4.Bakkt will risk huge risk to invest 35 million dollar in bill bourse (Clearinghouse Risk Waterfall) , this will make we and market participator face a risk jointly, also will make we from the market the benefit in sincere letter and safety and participator keep consistent.
5.To the objective complete a business transaction of bit money and safe memory, integrated and mandatory service is provided below the premise that the eligible and mandatory person of Bakkt will approve in what get superintendency an orgnaization. Safety of safe, network and close in the round compasses, include to wash money order and area instead piece catenary analysis, will provide support surely for safety.
What we share no less than last week, we are serving management board with finance of new York city (New York State Department Of Financial Services) collaboration, become a trust company, regard the qualification of digital asset as custodial operation, still will roll out at the same time suffer commodity futures to trade committee (CFTC) superintendency futures product. This job still is continueing, provide the pay that is bit currency futures mandatory service.
Finally, what I should point out is, we still are continueing in the group of Bakkt outspread. We greet Marc D 'Annunzio to hold the position of our legal total adviser recently. Marc is in negotiable securities law, buy, the senior experience of the respect of international superintendency general affairs that pays an industry makes a person impressive indeed. He will lead us the law to the company, superintend, the government that joins compasses and processing general affairs. Be in before Marc Alston&Bird is located in the work of Payment Group department of Atlanta.
We will continue to cooperate with superintendency orgnaization and client, drive digital asset predominate. The situation won't produce a change between one night, but of science and technology and finance hand in collect the collaboration between need enterprise and policymaker, the speech that in developing a process, keeps of this one domain in order to ensure the United States is in crucial counterpoises.
The article aims to provide more market information, do not make any investment proposals.
