Many have forewarned corruption as the titans of finance more toward institutionalized cryptocurrency, eyeing every new futures contract as a potential to return to the banking practices Bitcoin was created to rise above. However, one institution resisting the trend is Baakt, which revealed that it will not support margin trading for its upcoming Bitcoin contract. Related Article: NYSE Parent Company Brings Bitcoin Futures and Starbucks Payments to Crypto Market Bakkt, the child company of NYSE-operator InterContinental Exchange, unveiled plans in August to “one day” launch physically delivered Bitcoin contracts as part of its open, global ecosystem for digital assets. Now, Bakkt CEO Kelly Loeffler has released a post on Medium, seemingly to pacify those who raise eyebrows at the thought of a Bitcoin futures market. The Marginal Aspects of Margin Trading Where institutions celebrate the expansion of leveraged crypto trading, proponents of decentralization may bow their heads in disdain.
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