Bakkt’s Risk Reward Profile Is In Stakeholders’ Favor Says Bakkt Investor in the Firm

Bakkt is one of the most awaited platforms to be launched in 2019. The digital currency market is expecting since August 2018 the release of Bakkt’s products and services.

The firm behind Bakkt, the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), aims at providing transparency and security to the crypto market.

Bakkt Has a Very Low Risk

On April 11, Bakkt announced that they hired a new executive to be working in the project. The expert is Mike Blandina, a former executive at PayPal and Google. This shows that there is a clear interest in developing a good project, even when there were some regulatory issues with the launch of the platform.

Bakkt has a team of experts that includes Kelly Loeffler, Adam White, Tom Noonan, Jeff Sprecher, Sean Collins and many others. Moreover, the project has received investments from Mike Novogratz with Galaxy Digital, Fortress Capital, Pantera Capital, Boston Consulting Group and many others.

At the same time, the firm has already been working with Starbucks and Microsoft. This shows that two large and recognised companies in different fields have already given their support to the project. This shows that there is a viable proposal that has been backed by several investors and that is being developed by top executives.

According to Abacus Journal, one of the sources that invested in the firm, commented.

“You can never guarantee a win in venture capital or any such endeavour, but the risk/reward profile is seriously tipped in our favour as stakeholders. The team is as good as it gets, the tech has been in place for the better part of a decade (ICE), and planning for this moment has been going on for nearly four years. Our thesis, doubting this team would be foolish, so we remain very comfortable with our investment.”

Bakkt wants to provide Bitcoin futures trading contracts no-cash settled. That means that investors will be dealing with the underlying asset when operating these futures. At the same time, the company has been working in developing custody for virtual currencies.

Large investors were not able to place their funds in the space due to the lack of infrastructure for it. Custody was one of the main problems since larger investors want to have someone that will deal and hold the asset on their behalf rather than them managing the funds.

Now, it is just a matter of time to see Bakkt being released to the market.

Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) Analysis: Today's Top Price Prediction

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

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

Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitfinex Offers $400M Reward For Info on 120k BTC Stolen in 2016; Hackers Can Collect Too

On August 2, 2016, Bitfinex experienced one of the biggest crypto heists of all time, as hackers exploited the system, running off with approximately...

Crypto Trading Platform, 2gether, Unable To Refund $1.4M Hack; Offers Its Native Tokens

Spanish cryptocurrency trading app, 2gether announced on Sunday the platform faced a hack on July 31 on its investment coffers losing €1.183 million ($1.4...

Venture Fund to Invest Majority of $100 Million Raised Fund in DeFi Protocols

San Francisco-based venture fund Electric Capital has raised $100 million from university endowments and other non-profits and it will be using this to invest...

Filecoin to Begins its Incentivized Testnet This Week Ahead of Project Launch Next Month

Crypto project Filecoin which proposes to create a peer-to-peer storage system, will begin its incentivized testnet this week. This testnet will allow users to...

Ethereum 2.0 Final Testnet, Medalla, Rolls Out; Is A 2020 Launch Now In Sight?

The Ethereum 2.0 Phase 0 Medalla public testnet finally went live on August 4, 2020 at around 1AM GMT giving hope of a possible...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today