Odaily's illustration | One picture to understand the difference between Bakkt's Bitcoin futures and "traditional" futures

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Odaily's illustration | One picture to understand the difference between Bakkt's Bitcoin futures and "traditional" futures

李雪婷

2019-09-24 02:57

本文约559字，阅读全文需要约2分钟

Bitcoin futures market melee, will traditional futures practitioners also enter the market?

Produced by Odaily Research Institute

Editor | Hao Fangzhou

Produced by Odaily Research Institute

According to the delivery method, futures contracts are usually divided into two types: cash delivery and physical delivery.

At present, CBOE, CME, BITMEX, OKEx, Huobi and other spot crypto exchanges have all chosen the cash delivery method. This is because cash delivery does not involve the custody and delivery of physical bitcoins, thus avoiding a series of regulatory issues and costs such as safe storage, KYC, and anti-money laundering. At the same time, the sharp fluctuations in the price of Bitcoin and the frequent occurrence of "pins and lines" have also discouraged mainstream institutional investors who want to participate in encrypted futures contracts.

As an important attempt by traditional financial institutions to test the waters of cryptocurrencies, Bakkt was officially launched on September 23 (Beijing time)physical deliveryBitcoin futures contracts.

This marks that digital currency futures trading is moving towards a formal and professional road, and may attract more professional investors to enter the cryptocurrency market, driving up the prices of mainstream cryptocurrency such as Bitcoin. ICE, the parent company of Bakkt, relies on its rich resources, experience, technology and other conditions to seize and secure the emerging financial market of cryptocurrency trading, creating convenience in advance for further involvement in the closed-loop ecology of cryptocurrency payment and other businesses. It is not difficult to see that ICE wants to consolidate its ambitions as the world's top exchange and clearing and settlement network.

Regarding the progress and analysis of the Bakkt exchange, Mr. OdailyContinuously updating articles under related topics, which will not be repeated here. This article mainlyComparing Bakkt with other cryptocurrency futures exchanges and traditional futures exchanges in my countryrelated articles

Bakkt futures are live, let's see what's special about its custody service