Musiccosmos

Bakkt —  the forthcoming regulated global ecosystem for crypto assets recently unveiled by Intercontinental Exchange (ICE) —  will not support margin trading for its Bitcoin (BTC) contract, according to an official Medium post published August 20. Earlier this month, ICE –– the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE) –– had unveiled ambitious plans to create a “seamless” global ecosystem for digital assets that would cover the spectrum from federally regulated markets and warehousing to merchant and consumer needs. The announcement notably revealed plans to offer a 1-day physically delivered BTC contract by November, subject to pending approval from US regulators. Bakkt’s CEO Kelly Loeffler has today outlined the three cornerstones of the project, which she says will aim to establish a “consistent regulatory construct,” institutional-grade pre- and post-trade infrastructure and “transparent, efficient price discovery” for cr...