Bakkt Platform Acquired $300 Million Worth of Investment for Development

  • Bakkt is a digital platform for cryptocurrency trading founded in the year 2018 and has gained significant name since then and has grown exponentially.
  • Top companies have invested about $300 million on the Bakkt platform, due to its present worth and trusted performance of the exchange platform.

Bakkt is a digital platform for cryptocurrency trading founded in the year 2018 and has gained significant name since then and has grown exponentially, due to its present worth and trusted performance of the exchange platform, top companies have invested about $300 million on the Bakkt platform.

Companies like Microsoft Invested $300 million on the Bakkt

The top investors include Intercontinental exchange that had helped in developing the Bitcoin Futures Trading on the Bakkt Exchange platform; next top investors include Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital. The main aim of the Bakkt platform since its inception was to create and build trust among the users and provide knowledgeable value in digital assets to financial institutions and the users. Bakkt is the year 2019, launched the first-ever peer to peer regulated market for Bitcoin along with institutional Bitcoin custody offering. 

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Similarly, this year, the website of Bakkt has been updated with new features. The new app based on the exchange platform is also planned to be released in the summer of this year. The customers registered on the platform until now have invested nearly $1 Trillion into the assets distributed in loyalty and reward points, in-game assets, merchant stored value, and cryptocurrencies.

Although with this humongous market, many people still find it difficult to access digital assets. Bakkt gives the option of completes accountability and freedom to its users in maintaining their crypto and digital assets. The new upcoming yet to be launched Bakkt App will provide the advantage of storing all the crypto and digital assets under a single wallet. 

Bakkt has also recently acquired the Bridge2Solutions leveraging its application technology in the most important and dominant industries.  In the previous year, a Bitcoin Futures trading was launched on the exchange platform, which gained popularity developed by Intercontinental Exchange and New York Stock Exchange.  The Bakkt platform gave the feature of Futures trading settlement with Bitcoin while the CME group facilitated using US Dollars. Bakkt is all set to expand its presence and its oriented goals to facilitate the global economy. 

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Steve Anderrsonhttp://www.thecoinrepublic.com
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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