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Bitcoin Bullish News

Technically, BTCUSD is ranging and down 0.1% in the last day. But this has been the case over the last couple of weeks. At spot price, BTC is down 75% from the 2017 peaks and combined with an expectant market, chances are Bitcoin prices could recover. The neutral stand is because despite the attempts of higher highs in the last 3 months, prices are still confined within a tight $1500 trade range with clear resistance and support. We retain a bullish outlook, thanks to the strong support trend line of the last four months.

Bakkt

Cryptocurrency startup Bakkt, heralded by many as the gatekeeper to wider cryptocurrency adoption, has announced that it will bring its BTC futures trading into operation from December 12, 2018, subject to regulatory approval. The Bakkt platform has investors in a feverish state because of the tangible impact it could have in opening up the market. This supports market integrity and differentiates effort from existing futures and crypto exchanges which allows margin, leverage and cash settlement. The company is being backed up by Intercontinental exchange’s proving that the Bakkt’s secure global platform will connect investors, merchants and consumers, making it easier and use digital assets.

Fidelity Custody

Fidelity investments has announced the launch of a new company dedicated to providing cryptocurrency services including custody and trade execution, The services will be available to institutional investors such as hedge funds, family offices and market intermediaries. The services offered are in the 3 areas, institutional grade custody, trade execution and dedicated client service. Fidelity stated that its solution consists of vaulted cold storage and an access to control system which was described as multi-level physical and cyber. $7.2 trillion in client assets, and they have announced a new and separate company called Fidelity Digital Asset Services.

CoinBase Custody

CoinBase Custody’s mission is to make a digital currency investment accessible to all financial institution and hedge fund in the world. It has pioneered leading crypto storage techniques and is responsible for the custody of more than $20 billion in crypto assets. The unique features include on-chain segregation of crypto assets, split, offline private keys that require a quorum of geographically distributed agents using cryptographic hardware to sign transactions. Also supports multiple layers of security.

CBOE ETF

ETF’s are exchange traded funds whose shares track the price of an underlying asset. One of the main advantage of commodity backed ETF’s is allow investors to not worry about custody of the underlying assets, as the ETF take care of the custody. A BTC ETF would create a new investable asset class for many institutional market participants.

ErisX

A new crypto platform aiming to compete with Bakkt by offering regulated crypto custody solutions to retail and institutional investors. The platform is backed by TD Ameritrade, Digital Currency Group, CBOE and others. ErisX aims to capitalize on a similar niche as that of Bakkt and allows users to trade BTC, ETH, BCH and LTC. Future contracts traded on this platform will be physically delivered.

 

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Caspian Brings New Crypto Trading Tools to Coinbase

Coinbase & Caspian Partner with each other to bring institutional Crypto Trading tool. New collaboration enables professional investors to influence Caspian’s full-stack of crypto trading tools across the leading digital currency trading platform, Coinbase.

Coinbase is one of the largest crypto exchanges in the world and is the  most trusted and easiest to use suite of tools and services for consumers, professional investors and institutions to buy, sell, trade, store, access and utilize Cryptocurrency in more than 33 countries. Caspian is a full-stack crypto asset management platform that links exchanges and institutional money. Caspian is a Joint venture between Tora and Kenetic that provides institutional grade trade order, execution, compliance and risk management features. It currently connects to 25 crypto-trading platforms, including Coinbase, BitMEX, Gemini, Bitfinex, Poloniex, Huobi, OKEx, BitFlyer and Binance.

The partnership builds on Coinbase’s extensive range of institutional product offerings, which include Coinbase Prime and Coinbase Custody, and it’s Institutional Coverage Group. It will see one of the world’s leading digital currency trading venues join forces with one of the most exciting emerging crypto platforms.

By working together, Coinbase and Caspian will deliver institutional-grade order and risk management tools to the growing number of professional crypto trading firms around the world. Customers will be able to take advantage of the best elements of both platforms — accessing Coinbase’s extensive historical market data and deep pool of liquidity, and combined with Caspian’s suite of seamless trading tools.

For Caspian, the partnership with Coinbase follows a string of collaborations with Galaxy Digital and Block tower, and form part of its strategy to connect institutional investors and active traders with multiple trading platforms from a single interface