WandX to release put option front-end

WandX plans to release the front-end for put option trading on March 17 for their decentralized token creation and exchange platform
16 March 2018   1036

WandX is releasing put options front-end for their decentralized token creation and exchange platform. The soon to be released tools will provide a comprehensive frontend environment for users to create and trade their ERC20-based tokens through put options.

For the benefit of general public it's better to provide a little more info on such trading scheme. Put option is a standard option trading method and the name is derived from the fact that the owner has the right to “put up sof sale” the stock or index. The gist of such options – after acquiring the option you can (but don't have to, mind you) sell some amount of an underlying asset back to the seller of the put before the expiration date.

One of the main factors in this kind of deal is a strike price, which is a fixed price for an option the seller has to buy it off of you, if you decide to sell it back. The possible outcome resides on the time you decide to sell off – you're better to do so before the stock price falls below the strike price, else you'll have to cope with losing your money outright. But such is the nature of any stock market.

So, in the case of WandX platform, it provides a high-risk trading with multitude of created tokens for experienced market players. Considering the fact that now anyone from any field of business can create ERC20 token and trade them for another tokens or Etherium in such a form, it can have a significant impact on the market.

At the moment of publishing, these are the main market parameters of WandX:

Average price: $0,060742
Market cap: $743 738
24h volume: $9 017

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   53

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.