Examining Bakkt's Official Release Status and Its Impact on Bitcoin and Ethereum Prices

    If you have been active in the cryptocurrency scene, you must have heard about Bakkt several times, especially when it comes to institutional investors. You see, since the explosion of cryptocurrencies and ICOs, institutions have been interested in investing in the crypto industry, but the volatility of digital asset prices and the risks involved tend to push them away.

    Most of the institutions have been uncomfortable with interacting with the current exchanges, which are largely centralized and have a history of not complying with various government regulations. Now, this is where Bakkt comes in.

    Let’s dig deeper and learn about this firm, and its impact on the prices of top cryptocurrencies.

    Just What Is Bakkt?

    Simply put, Bakkt is a company under the umbrella of Intercontinental Exchange (NYSE:ICE), which is a well-known operator of global exchanges. Bakkt, the newly formed company, is expected to use Microsoft Azure cloud solutions in order to operate a regulated global exchange for digital assets.

    Bakkt allows large financial institutions to invest in cryptocurrencies, letting them buy, store, sell or spend digital assets easily. The company has partnered with Microsoft, Starbucks and BCG to boost investor interest.

    How Does Bakkt Affect Cryptocurrency Prices?

    The way Bakkt is designed to operate, there’s no doubt it will bring great things to the cryptocurrency market, boosting the prices of most top coins. For starters the company is federally regulated and approved by the government as a legitimate exchange platform. This removes any doubts from institutional investors, assuring them that they are trading with a properly regulated service provider.

    Secondly, Bakkt offers custodian services to investors, which is meant to boost the safety of their funds – especially those looking to invest huge amount of money. The company also offers physically delivered futures contracts, where parties can purchase bitcoin upon the expiry of contract. This simply means that new money will be injected to the cryptocurrency market.

    According to Bakkt, it will also offer a robust payment structure, connecting with merchants directly. Investors will also access a number of risk management and trading applications, boosting cryptocurrency usability and adoption.

    Final Words

    Looking at all that Bakkt is looking to offer, one thing is certain – it will have positive impact on the cryptocurrency ecosystem and possibly foster the next ‘Bull Run’. From better liquidity to mainstream adoption, to stability to safety, the cryptocurrency market will have an influx of institutional investors, and any new money will be reflected in the prices of digital assets, pushing their value up.

    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.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [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

    Coinbase Upgrades Wallet App to Simplify Crypto Transactions In A Bid to Boost Adoption

    Coinbase exchange has announced an upgrade of its digital wallet in a bid to make crypto transactions much easier. According to a blog post...

    Bitcoin’s Correlation with S&P 500 Jumps to A New High, But So Does With Gold

    Bitcoin’s correlation with both equity market and precious metal climbs to an at all-time high Bitcoin busted the myth that it can’t be...

    Former Olympic Wrestler and UFC Fighter Ben Askren Promotes Bitcoin With Twitter Handle

    UFC fighter Ben Askren changes his twitter handle to ‘Bitcoin Halving May 13 in a bid to promote to the BTC community with halving...

    Ether Price Undervalued But The Fundamentals Are Not Looking Good

    After a bad March, ETH price seeing greens, MVRV Ratio says ETH undervalued While Bitcoin active addresses on the rise, Eth’s declining but...

    Microsoft Joins Blockchain for Social Impact Coalition Initiative For Virtual Earth Day Hackathon

    Microsoft is set to support the Blockchain for Social Impact Coalition (BSIC) program whose winners will be rewarded during the Global Virtual Earth...

    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.