The large exchange group’s Bitcoin futures platform is officially operational, with the first contract at 10115 USD.

On September 23, it was reported that a Crypto Assets derivatives trading exchange initiated by a large exchange group has officially started operations. The platform's spokesperson stated that the physical Delivery Bitcoin futures trading market officially launched at 8 PM Eastern Time on September 22, with the first Bitcoin futures contract transaction price at 10,115 dollars.

The CEO of the large exchange group stated in a recent interview that it is currently uncertain whether asset managers will convert their strong interest in Bitcoin into actual purchasing actions, which adds suspense to the launch of this Futures Trading. With the assistance of this group, the new platform has established strict protective measures for Bitcoin to leave the custody warehouse.

The vast majority of Bitcoins in the platform's repository are stored in a "cold wallet." To transfer Bitcoins out of the repository, they must first be moved from the cold wallet to a hot wallet, and then transferred electronically over the internet. The hot wallet is connected to the internet, allowing Bitcoins to be sent from the platform's trust bank to other exchanges or wallets. In contrast, the cold wallet stores Bitcoins in a highly secure vault that is disconnected from the network.

According to reports, the custody business under the platform began operations earlier this month. This business claims to have adopted institutional-grade infrastructure, operational controls, and security measures on par with the New York Stock Exchange, and has been designed to meet the highest compliance standards.