Earlier this month, the Intercontinental Exchange — the operator of 23 global leading exchanges including the New York Stock Exchange — announced Bakkt, a regulated ecosystem for digital assets. Kelly Loeffler, CEO of Bakkt, shares details about the upcoming platform.
The announcement of Bakkt has been exciting news for all of the crypto community and has been talked about since. To address spreading rumors and provide clarification, Loeffler explains the core operational principles of the forthcoming exchange in her official Medium post on August 20.
The CEO outlines the three essential aspects of the project:
- a consistent regulatory construct;
- transparent, efficient price discovery; and
- an institutional quality pre- and post-trade infrastructure.
Loeffler emphasizes that their daily bitcoin contracts will be delivered physically, which plays a critical role in price formation. She then goes on to say:
The CEO underscores that adopting these policies will promote market integrity and differentiate the platform’s strategy from existing bitcoin futures contracts, which support margin trading, leverage and are settled in cash.
Learn more about what the introduction of Bakkt might mean for the crypto space in our article.