Bakkt CEO Releases Update on Platform’s Progress and New Board Members

According to the COO of Bakkt, Adam White, regulators in the United States will be moving at their own pace. Meanwhile, he mentioned that Bakkt will be offering solutions to the demands that startups have.

Bakkt is the cryptocurrency platform launched by the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The main intention behind this platform is to offer crypto-related services to institutions.

Cryptocurrencies are going to have a deep impact on the financial world in the future, and companies want to be part of it. There are several initiatives and developments that aim at bridging the gap between the traditional financial world and the cryptocurrency space but, until now, it has been a very difficult task.

Adam White, the Chief Operating Officer of Bakkt, talked about the regulatory linked to Bakkt since it was created. According to him, the main advantage of Bakkt and the ICE is that they take opaque commodities and create regulatory clarity around them. Now, they also want to do that with virtual currencies.

He then added that the company allows regulatory agencies and individuals involved technical issues such as hard forks and “deep chain de-org.”

About it, he said:

“The main advantage of Bakkt and ICE is that ICE takes opaque commodities and objects and creates regulatory clarity. It did it with energy, it did it with credit and now it plans to do it with crypto. One thing that a lot of people don’t realize is that most of the regulations rely on partnerships.”

Furthermore, White said that regulators will move at a pace that they are comfortable with. Thus, they will clearly move slower than startups that are trying to innovate and enter the market. In general, in most of the revolutions and changes, the institutional framework tends to follow the market at a slower pace.

BTC, ETH, XRP and BCH Price Watch: Today's Cryptocurrency Chart Predictions

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Coin Market Cap Price Change 24 Hour Volume
BTC $139.24B $7,859.8475 -0.92% $5.8B
ETH $26.86B $252.9526 0.30% $2.47B
XRP $16.49B $0.3916 -1.27% $608.97M
BCH $7.22B $405.4776 -3.67% $498.85M
EOS $5.67B $6.2150 -0.79% $470.9M
LTC $5.6B $90.4729 -0.94% $567.7M
BNB $4.46B $31.6038 6.40% $355.39M
USDT $2.93B $1.0021 -0.25% $5.28B
XLM $2.49B $0.1293 -3.48% $40.22M
ADA $2.12B $0.0817 -3.11% $79.56M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here