Bakkt Open to Add more digital currencies, XRP, Litecoin, and Tron Community Move in Action

December 17, 2018 Litecoin

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After postponing Bitcoin futures at the end of January, Bakkt now shares that he will consider adding other digital currencies based on customer feedback as the landscape evolves, moving the altcoin community up.

Bakkt will consider adding Altcoin

Bakkt, the parent company of Nasdaq, is the global regulated digital resource ecosystem, and Bakkt recently announced that it is postponing the launch of the Bitcoin futures until January 24, 2019.

In his chirping discussion discussing the reason behind the Bitcoin, says Bakkt,

"We were asked why we are starting with Bitcoin, which is why: Bitcoin today accounts for over half of the total capitalization of the encrypted market and has been considered as a commodity, and its derivatives are regulated in the United States by the CFTC …

As the most liquid and widely distributed cryptocurrency in the world, and where we have seen most of the customer demand, Bitcoin's profile creates a liquid product on which to build a future contract. "

Now, Bakkt has stated that it is open to adding more digital currencies to its platform,

Well, this made sure that the altcoin community was in action. Tron's founder and CEO Justin Sun has taken on the task of suggesting to Bakkt that Tron is, in fact, the best choice,

One of the most active communities in cryptographic space is the second largest XRP of cryptocurrencies that immediately went into this survey created by the XRP enthusiast Dr. T,

Well, immediately after the community of Litecoin jumped on this bandwagon's chariot as the founder of Crypto Capital Venture shared this Tweet:

At this point, it is only a consideration as stated by Bakkt and furthermore, even Bitcoin futures have yet to come, having already postponed.

According to Bakkt, many people will act as a catalyst in taking higher bitcoins. Bart Smith, responsible for the digital sector of the commercial giant Susquehanna, believes he can solve the problem of liquidity in the Bitcoin markets, as he explains,

"Number one, access ramps to new capital are very difficult.If you are a global institution, it is still very difficult to buy Bitcoin in a way that you might want.A rich individual from the GI The generation is not going to take a High-resolution photos of your driving license and send it to a website and send money there.They want to invest with Fidelity.They want to invest with Bank of America. "

He also shared


"This led to the second problem that is without the new capital ramp, liquidity was very low, and so we saw a stable price for the whole summer, it was $ 6,000 to give or to do. it has become very light at the end of July. So what happens is in that environment, if you have a controversial fork, it does not necessarily create a huge amount of security and when these sellers come in, they do not c & # 39. It is sufficient liquidity to absorb it, and I hope that with Bakkt, Fidelity and further regulations, there will be enough capital to absorb. "

Summary

Bakkt Open to Add more digital currencies, XRP, Litecoin, and Tron Community Move in Action

Item name

Bakkt Open to Add more digital currencies, XRP, Litecoin, and Tron Community Move in Action

Description

After postponing Bitcoin futures at the end of January, Bakkt now shares that he will consider adding other digital currencies based on customer feedback as the landscape evolves, moving the altcoin community up.

Author

Ashutosh Singh

Publisher name

Coingape

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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.

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