– Binance.US launched 13 trading pairs
– The Cboe’s BZX Equity Exchange withdrew its VanEck/SolidX bitcoin ETF proposal
– Bakkt has launched bitcoin futures trading
– Facebook has announced how its Libra cryptocurrency basket will be composed
The Chicago Board Options Exchange’s BZX Equity Exchange withdrew its VanEck/SolidX bitcoin ETF proposal a month ahead of the review deadline.
A decision on the proposal had already been delayed a number of times, and the U.S. Securities and Exchange Commission (SEC) faced a final deadline of Oct. 18 to determine whether to approve or reject what could have been one of the first bitcoin ETFs in the country.
*** Bakkt, a cryptocurrency trading platform backed by ICE, has launched bitcoin futures trading.
The futures are physically deliverable, meaning they pay out in bitcoin upon settlement. That’s different to ICE competitor CME Group, which introduced its own futures contracts for the digital currency in 2017 which paid out in cash.
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The German newspaper Der Spiegel reported that Facebook had announced how exactly its Libra cryptocurrency basket will be composed.
The US dollar and short-term US government bonds will make up 50% of the basket of assets that backs Libra.
The remaining portion will consist of the euro (18%), the yen (14%), the British pound (11%) and the Singapore dollar (7%).
