Bakkt

2019: Beginning of biddings bitcoin futures

On September 23 at 3 a.m. Moscow time the Bakkt platform began to service trade bitcoin futures in the market of the operator of the New York Stock Exchange of ICE. It is great hope for cryptocurrency community which representatives expect that the companies with the Wall Street will begin to use digital currencies in the trade.

In several hours of launch of the Bakkt platform, the trading volume was 18 bitcoins. So expected deliverable futures for the first time gave the chance to invest with physical possession of bitcoin.

The Bakkt platform began to service trade bitcoin futures in the market of the operator of the New York Stock Exchange of ICE

One more important advantage of Bakkt is approval from regulators of the USA. The platform works according to all laws that can also attract serious investors. Moreover, the U.S. Government on the example of Bakkt can understand better cryptocurrencies and lower negative degree in their direction.

Despite start of biddings the rate of bitcoin fell on September 23 lower than $10000. The lack of positive effect from start of Bakkt can be caused by the fact that those who are interested in biddings in cryptocurrencies are already present at this market, the cryptotrader under the nickname Cantering Clark assumed.

The cryptocurrency exchange OKEx in October, 2019 is going to start futures with a possibility of conducting the margin trading on steyblkoin Tether.

Meanwhile, the Chicago board of trade reported on a new record in the market bitcoin futures where the trading volume them reached $370 million.

Cryptocurrency futures were started at the Chicago exchange CME for a long time, however they are calculated in a cash equivalent and this their fundamental difference with the product Bakkt. Besides, are available to clients of the platform not only monthly, but also day contracts — bitcoins will be transfered to account the buyer for the second working day after closing of the contract. So in fact, it is a form of purchase of an asset, usual for institutional investors.^[1]

2018: Starbucks began to accept cryptocurrency

At the beginning of August, 2018 it became known that the network of Starbucks coffee shops begins to accept cryptocurrency. Cooperation with Microsoft corporation and operator of the New York Stock Exchange Intercontinental Exchange (ICE) was for this purpose organized.

On August 3 ICE announced the Bakkt platform which users can buy, sell and spend digital money. The solution is constructed on cloud infrastructure of Microsoft.

Bakkt is intended in order that users and different organizations could buy, sell, store and spend freely digital assets, says ICE.

The role of Starbucks in this project consists in consultation on an occasion of development of mechanisms of retail transactions with electronic money. Besides, in coffee shops it will be possible to pay orders by means of cryptocurrency.

But at first the payment mechanism will be constructed on exchange: the visitor of Starbucks restaurant is connected to the Bakkt platform and exchanges the bitcoins and other digital currency for dollars then buys coffee and other food.

Starbucks will play a key role in  development of the practical, reliable and  regulated applications allowing clients to convert digital assets into  dollar — reported in the company.

The bitcoin as payment is also accepted by such large companies as Microsoft, Overstock and service for sale of air tickets and hotel booking of CheapAir. At the same time, the American service for armoring of air tickets of Expedia in 2018 officially refused support of bitcoin.

According to the CNBC TV channel with reference to the founder of BK Capital Management Brian Kelly, a possibility of shopping by means of cryptocurrencies will make them more popular and expensive. Really, after the statement of Starbucks the rate of bitcoin and some other digital currencies flew up.^[2]

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