BTC Futures to be the First Bakkt's Products

As reported, November is a launch month for the new platform
26 September 2018   852

Bakkt announced that its first products will be futures with physical supply of bitcoins, which can be purchased for three fiat currencies: the US dollar, the British pound and the euro.

Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account.

Bakkt at Twitter

The plans to launch the Bakkt platform, which will allow users and institutional investors to buy, sell and store digital assets in the global ecosystem, was announced in August this year. It is created by the operator of the New York Stock Exchange (NYSE) Intercontinental Exchange (ICE) in partnership with Microsoft, Starbucks and BCG.

As it was then reported, the Bakkt ecosystem will include federally regulated exchanges, custodian services, applications for merchants and users. Bitcoin, as the most liquid crypto currency, will be the first in the listing of the new platform and will be traded in pairs with fiat currencies.

Model, proposed Bakkt raises concerns among a number of representatives of the community. So, earlier this month the US Securities and Exchange Commission (SEC) received a letter, in which the department warned of the dangers of improper regulation of corporate implementation of bitcoin for the technology itself.

The launch of the Bakkt platform is expected in November.

Binance DEX to Launch Trading

Mithril is the first asset, that is trading on new platform; also, the exchange presented the listing rules for assets
25 April 2019   94

Binance DEX announced the start of trading in the Mithril token (MITH) together with Binance Coin (BNB). This is the first asset in the listing site.

At the same time, the exchange presented the listing rules for assets. So, anyone can release a token on the Binance Chain, but listing it to the marketplace takes place in several stages.

First of all, the issuer must place a listing application on the Binance Chain community forum, providing answers to a number of questions relating to the innovativeness of the project, its scope and other characteristics.

After that, the issuer must make a deposit in the amount of 1,000 BNB within two days, which will be returned later. Note that the listing of an asset on Binance DEX must be approved by at least half of the validators.