⛔️ Bakkt CEO: crypto trading platform won't support margin trading

[Bakkt]() chief executive Kelly Loeffler outlined the fundamentals for a platform to trade, store or spend cryptocurrencies in a [post]() published on Aug. 20th, 2018. The platform will include three characteristics: it will be consistent with existing regulations, provide a transparent system for price discovery and offer "institutional quality pre-and post-trade infrastructure." Specifically, with the solution, the buying and selling of bitcoin is fully collateralized or pre-funded. As such, its daily Bitcoin ($BTC) contract will not be traded on margin, use leverage or serve to create a paper claim on a real asset.