The New York Stock Exchange offers investment opportunities in bitcoin
The New York company has launched a bitcoin futures market called Bakkt
It is the first time contracts paid in cryptocurrency are traded in a federally regulated house in the United States. The initiative implies “an important step to give a trust infrastructure to digital assets”, as indicated by the CEO of Bakkt , Kelly Loeffler, in a text on the Medium platform.
The CME group, known as the most important and rival US financial derivatives firm of Intercontinental, has already signed bitcoin futures contracts in 2017, but in this case they are paid in dollars once closed.
The famous New York stock market, created the Bakkt in August 2018. It is mostly intercontinental and according to Fortune magazine, among its investors are: Microsoft, called M12, with the Pantera Capital fund or with the Starbucks firm, among others.
Although this initiative can make great progress in the development of the bitcoin market, large firms have not yet given their approval, so some investors may have complications when accessing this futures market, due to their dependencies on the approval of these large companies.
Analysts point out that after the launch of the contracts, investors may have difficulty accessing that futures market since that access is generally guaranteed by large firms that have not yet given their approval, so they should go to smaller ones.
K.Villarroel
Source: bancaynegocios
