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The Daily In today’s edition of Bitcoin in Brief we cover stories about Intercontinental Exchange’s crypto trading platform Bakkt, which won’t be offering leverage or margin trading, and a US politician who has revealed she’s bought a couple of cryptocurrencies. Also Read: Researcher: Stop Worrying About Bitcoin’s Environmental Impact Bakkt Won’t Offer Leverage Bakkt, the recently-announced subsidiary of the parent of the New York Stock Exchange — Intercontinental Exchange (NYSE: ICE), has decided it won’t offer leverage on crypto trading. This was decided in the name of ensuring efficient price discovery and is meant to set it apart from other venues. Kelly Loeffler, the CEO of Bakkt, stated: “A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper cla...

Bakkt’s CEO offered greater details surrounding the upcoming cryptocurrency trading platform in a recent Medium post, including greater details about the principles of the new platform, and how those principles will set new standards for the cryptocurrency industry. The recent post is the latest information offered by the newly founded company since the initial announcement made earlier this month. The platform made headlines due to their corporate partners, including Starbucks, Microsoft, and New York Stock Exchange parent company ICE. Bakkt to Offer New Standard for Cryptocurrency Industry Bakkt is planning on offering a professional and institutional grade cryptocurrency exchange platform, one that will eventually allow for, as ICE explains, a “scalable on-ramp for institutional, merchant and consumer participation.” Assuming that the platform gains approval from the US Commodities and Futures Trading Commission (CFTC), which appears to be very likely, it will launch in Novembe...