Bakkt, a trading platform for digital assets, which is set to be launched this fall by the operator of the New York Stock Exchange, will not offer margin trading on bitcoin contracts.

Kelly Loeffler, CEO of the future trading platform for cryptocurrencies, revealed what services Bakkt decided to focus on, and what services it was decided to renounce.

Bakkt, the future regulated global ecosystem of cryptoactive assets, which will be launched by Intercontinental Exchange (ICE) this fall, will not support margin trading in bitcoin contracts, Loeffler wrote in her Medium post.

"As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset. This supports market integrity and differentiates our effort from existing futures and crypto exchanges which allow for margin, leverage and cash settlement."

She discussed the three main features of the future project: a consistent regulatory construct, transparent, efficient price discovery, and an institutional quality pre- and post-trade infrastructure.

In early August, ICE, operator of the New York Stock Exchange (NYSE), announced its plans to launch a trading platform Bakkt, which will offer services for trading bitcoin and other cryptocurrencies, digital storage solutions and various applications. The first traded instrument of Bakkt is one-day futures for bitcoin with physical delivery.

"A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded."

Loeffler highlighted that Bakkt's bitcoin contract is designed to be fundamentally different from those instruments that are already traded on the Chicago stock exchanges CME and CBOE.

The platform is scheduled to be launched in November 2018. The project involves participation of BCG, Microsoft and Starbucks.

According to Dan Morehead, founder and CEO of Pantera Capital, the launch of the ICE's crypto trading platform Bakkt will have a strong impact on the market within the next 5-10 years.