New exchange launches physical delivery Bitcoin futures, first transaction price 10115 USD

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On September 23, a new Crypto Assets derivatives trading exchange officially began operations. The exchange focuses on physical Delivery of Bitcoin futures trading, with its first transaction completed at 8 PM Eastern Time on September 22, at a price of 10115 dollars.

Behind this exchange is a large financial institution, whose CEO stated in a recent interview that it is currently uncertain whether asset managers will convert their strong interest in Bitcoin into actual purchases, adding some suspense to the launch of futures. With the assistance of this financial institution, the new exchange has established strict protective measures for Bitcoin to ensure its safe departure from the custody warehouse.

The exchange's warehouse uses a combination of "cold wallets" and "hot wallets" for storage. The vast majority of Bitcoins are stored in cold wallets that are disconnected from the network, which is considered the safest way to safeguard them. When Bitcoins need to be transferred, they are first moved from the cold wallet to the hot wallet that is connected to the internet, and then transferred out via electronic transfer. This design ensures the security of Bitcoins during the transfer process.

It is worth mentioning that the custody business of the exchange has started operations earlier this month. It is reported that it uses institutional-level infrastructure, operational controls, and security measures on par with the New York Stock Exchange. In addition, this custody business is also designed to meet the highest compliance requirements to ensure the legality and security of its operations.

The establishment and operation of this new exchange marks a step towards a more regulated and institutionalized direction in the Crypto Assets market. It not only provides investors with new trading options but also offers new solutions for the secure storage and transfer of Bitcoin. Over time, we will be able to better assess the impact of this new type of exchange on the entire Crypto Assets market.

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HappyMinerUnclevip
· 13h ago
Sigh, I still didn't enter a position when it was 10000...
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BridgeJumpervip
· 13h ago
It's pretty grim, entering the market with over ten thousand.
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RooftopReservervip
· 13h ago
It’s still early, there are still people to play for suckers.
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WagmiOrRektvip
· 14h ago
Bull, running one order is 70,000.
View OriginalReply0
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