Bakkt is about to launch ETH trading on its platform, which previously only offered Bitcoin

On November 5, crypto platform Bakkt announced that it would incorporate Ether onto its platform. Read the full article by: Kollen Post

Key Points:

• Crypto custodian, Bakkt Warehouse, will allow their clients to be able to trade ETH on their platform in the near future. Bakkt notably known for issuing Bitcoin futures as well as being majority owned by ICE.

• “We have received all required approvals and have already built the necessary technology to begin offering Ethereum on the Bakkt platform. These capabilities will be live on the platform in the next few weeks.” Bakkt is also partnering with MasterCard to be able to bring crypto rewards to credit card users as they swipe through the day.

• It has been an eventful couple of weeks for Bakkt as they have also gone public through a SPAC merger in mid-October. What makes them unique is that they are able to fully operate in New York and are able to offer Bitcoin derivatives to institutional clients. This is generally hard for many companies to meet the kind of regulatory standards needed to provide those services.