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Tone Vays
@ToneVays
I don't understand the outrage here? Futures contracts are always leverage, a single Oil contract (which Anyone can trade) just needs $5,000 to enter into & it can deliver 1,000 barrels. How many people on Earth you think can deliver (or take delivery) of 1,000 Barrels.
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Alex Krüger
@krugermacro
Myth: Bakkt futures fully backed by bitcoin. Reality: Bakkt futures 37% backed by dollars or treasuries.
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Alex Krüger
@krugermacro
Replying to
@ToneVays
No outrage, it's actually funny ... they got an entire industry excited about fully collateralized futures for institutions to take physical delivery ... and ended up launching regular margined futures ... while many bitcoiners applaud unaware Best marketing in town
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