Bakkt announced that they will not list XRP.
Bakkt CEO Gavin Michael Axios stated on the Re: Cap podcast that the exchange has decided to list the new cryptocurrencies. However, Ripple (XRP) is not among the cryptocurrencies that are planned to be listed according to the statements of the CEO.
Regulations, Bakkt and Ripple
Stating that they entered the cryptocurrency ecosystem with Bitcoin, the CEO shared in his statements that he currently has no plans for XRP.
Exchanges, including Coinbase and Binance.US, took negative steps regarding the XRP toke after the U.S. Securities and Commission sued Ripple and company CEO Brad Garlinghouse and company founder Chris Larsen in late December.
Some exchanges have announced that they have suspended XRP transactions, while some exchanges have removed XRP from the platform entirely .
Thus Bakkt is currently accepted as a securities by the SEC crypto currency choose to stay away from is not surprising. Answering the question of how Bakkt will go about his personal cryptocurrency wallets, Michael said that the company is fully focused on regulatory compliance.
Crypto Curiosity of Consumers
Originally launched in September 2019, Bakkt offers its customers much more than a crypto exchange or a custody service. Bakkt 's customer-centric application supports all types of digital assets, from loyalty points to gift cards and in-game assets.
On the other hand, in a press release on January 11, Bakkt outlined its plan to go public by merging with SPAC Victory Park Capital. Michael thinks the company's IPO will provide more opportunities for crypto enthusiasts.
Ripple Price
Although the XRP price has experienced a huge decline with the panic atmosphere that occurred when the news was first heard, it seems that the price is in an upward trend as if the negative environment has never occurred.
In fact, after the big price drop yesterday, XRP is among the top ten cryptocurrencies in terms of market value.