[DESCRIPTION]
The Intercontinental Exchange earlier this month launched Bakkt, which is an open, seamless global cryptocurrency platform and network that will allow consumers and institutions to buy, sell, store and spend digital assets simply, safely and efficiently. The ecosystem will also offer physically settled one-day bitcoin futures contracts and bitcoin warehousing.
According to the announcement, Bakkt is an open ecosystem launched in partnership with BCG, Microsoft and Starbucks. Ideally, the platform is meant to make it easy for ICE customers to access, trade and utilize Bitcoin and cryptocurrencies in the global marketplace and commerce or to "unlock the transformative potential of digital assets across global markets and commerce" in Bakkt CEO Kelly Loeffler's own words.
The move, which is expected to have a number of effects on crypto markets, is supported by many people including Thomas Lee, the co-founder of Fundstrat Global, who sees it as supporting "a roadmap that shows major institutions are creating supporting infrastructure for crypto." Here are some of the ways in which it will impact the cryptocurrency industry.
http://www.cryptomorrow.com/2018/08/20/what-is-bakkt-and-how-it-will-affect-cryptocurrency-industry/
https://www.ccn.com/how-the-efforts-of-bakkt-could-lead-to-the-approval-of-the-first-bitcoin-etf/
https://www.bakkt.com/index
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[DISCLAIMER]
I am not a financial adviser nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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