Ever since news of the highly-anticipated Bakkt trading platform was released to the public recently, a lot of questions regarding this service have gone unanswered. For example, one of the lingering uncertainties is whether or not the platform will support advanced trading features, especially since the developers have made it clear that Bakkt will not be incorporating the option of ‘margin trading’.
Bakkt Outlines its Vision For the Future
The cryptocurrency industry recently received a nice surprise when Intercontinental Exchange (ICE), the parent company behind the NYSE, announced the launch of Bakkt — a new cryptocurrency trading platform that has been designed to help bridge the gap that currently exists between institutional investors and digital currencies.
Under the hood, Bakkt will provide users with convenient access to the various top cryptocurrencies such as Bitcoin and Ethereum. Not only that, it is also being projected that in the coming future, several other altcoins will also make their way to the platform.
However, with that being said, ICE has made it clear that Bakkt will not support margin trading.
Margin trading, according to Bakkt’s Kelly Loeffler, has no place within the institutional investment scene ‘pre or post-trade’. Unlocking the true potential of this cryptocurrency exchange will be done via other means– with one of the primary routes being the ‘buying and selling of Bitcoin’.
Final Thoughts
It is evident that Bakkt is being designed to bring a lot more legitimacy to the Bitcoin industry. However, doing so is no easy feat, especially since complying with current and upcoming regulations will prove to be a major hurdle for the company.
