It’s easy to get sucked into bitcoin’s hype and obsession with a bubble, but it’s much harder to get it right.
The world’s first bitcoin exchange in New York City has found a way to beat this peculiar fascination, and it’s now in the hands of a small group of traders.
The exchange, CoinMKT, is now available to investors who want to trade bitcoin without having to own or hold any of the digital currency.
CoinMKt will offer trading on the New York Stock Exchange, Nasdaq, the Chicago Mercantile Exchange and the Hong Kong Stock Exchange.
CoinMkt has already raised $1 million from a handful of investors, including Jeff Bezos, Warren Buffett and Andreessen Horowitz, as well as angel investors who have pledged to back the company in its nascent stage.
The company, which will open in early 2019, will be the first exchange to accept bitcoin as a means of trading in New Zealand, which has yet to fully embrace the cryptocurrency.
New Zealand’s finance minister, Simon Bridges, has said that he believes bitcoin is “a good way to make money.”
While the currency has its flaws, its promise of instant, instant wealth is a refreshing contrast to the current regulatory landscape.
It’s been likened to gold, and has proven to be an easy, efficient and safe way to get cash from your wallet to the bank.
But it’s also a bit of a drag, and one that has drawn criticism from the government.
According to a report from Bloomberg, the government recently warned that bitcoin transactions in New England could become a major problem because of the high volatility and lack of regulatory oversight.
Coin MKt CEO Mark Gorman said that New Zealanders should be worried about their ability to protect themselves and their assets in the event of a major exchange shutdown.
New York state regulators, which regulate exchanges and exchange platforms, have been warning for years that bitcoin could pose a significant risk to financial stability.
But, like many exchanges, CoinMkBt is a new venture that has yet be vetted by regulators, so it may not be subject to the same regulatory scrutiny.
This may be one of the first exchanges to operate without a financial regulatory agency.
CoinMarketCap, another exchange that has been operating in New Jersey, also has been approved for operations in New Mexico and Pennsylvania.
The only way to invest in bitcoin is to own bitcoin, which means you need to hold it in some form of a bank account, but that is usually not a requirement to participate in CoinMKtt.
So far, Coin MKtt has only accepted bitcoins from individuals and corporations, which it says will ease its compliance process.
Coin is launching the company as a pilot, but will soon open a fully operational exchange in London.
The first exchange will be open in the UK and other markets soon, but the process will be similar for the exchange in the US.
Investors who want more information about CoinMKti can check out CoinMKtm’s website or read about the company on its website.
For more information on bitcoin and digital currencies, read our previous coverage.
The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance.