Crypto Exchange on Wall Street supports competition Bakkt

Firm Bakkt, which is scheduled to launch on wall street in November, was seen as the changing of the game in the crypto-verse. «Bakk» is a chance to be the catalyst that will attract long-awaited institutional investors, offering them a safe way to invest in bitcoin (BTC) and other major cryptomeria. Bakkt seeks to use the existing regulatory rules and not change them as Bitcoin ETF is trying to do.

Even better

News reaching world news Ethereum show that Bakkt is not the only firm planning on wall street, which led to the fact that Bitcoin and investment of digital assets into the mainstream. According to reliable sources, another group of giants on wall street and beyond new exchange cryptocurrency named ErisX. TD Ameritrade, the brokerage giant, is included in the list of companies that support exchange that will allow individuals to trade cryptocriminals and derivative instruments, linked to a digital asset.

The inclusion of futures contracts in Ethereum (ETH)

Led by Thomas Chippison, the former head of the quantitative execution at Citigroup, ErisX develops and plans to offer a wide range of physically delivered futures contract for Bitcoin, Cash Bitcoin, Ethereum and Litecoin.

Mr. Chippas had this to say about the new firm, which expects to start trading trade in the second quarter of 2019 .

In our opinion, there is no interest in building markets for people who want to trade digital assets, and there is plenty of space for people that come with a regulated exchange and clearing house.

To summarize, ErisX joins Bakkt, providing the opportunity for individual and institutional investors to invest in Bitcoin, Etheruem and other cryptomeria. Both companies plan to use existing rules in the United States. Bakkt is scheduled to launch in November, while ErisX will do so in the second quarter of 2019.

What do you think about the entrance ErisX in the arena of providing wall street the opportunity to invest in digital assets? Please let us know in the comments section below.

Disclaimer: this article is not intended to provide financial advice.

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