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The transmission that the owners of the international trading platform – New York Stock Exchange (NYSE) – has worked with Starbucks, BCG, Microsoft and other companies to launch the Bakkt company that will improve the traditional adoption of Bitcoin (BTC ) and other digital currencies, arrived at an appropriate time in the cryptographic space.
News emerged during a period when the digital currency market needs a strong impetus to overcome the current downtrend. Although the news came late Friday, August 4, 2018, there is certainly a jump in the industry.
Hope the Bakkt Company will bring
With Bakkt, there is hope that the outstanding ETF for bitcoins is archived by the CBOE to the US Securities and Exchange Commission could be approved before the expiration of this year. This is because Bakkt will be fully operational by November of this year, giving validity to the fund traded on the stock exchange of BTC (ETF) as explained by Brian Kelly of CNBC.
Comment by Brian Kelly
Brian Kelly said that this is indeed great news for the crypto space. He believes that the cryptography market is undervalued and this could be the biggest news for the coin this year. He said this will open the door to a BTC-traded fund.
Bakkt offers a regulated warehouse in the United States and a regulated stock exchange in which the goods will be stored. Kelly also went on to talk about how the company will be pushed into the spotlight of BTC's mainstream adoption as it is an integral part of the new Bakkt enterprise.
Bitcoin (BTC) Price Today – BTC / USD
At that time of writing, Bitcoin (BTC) traded at $ 6,950 after losing about 6 percent of its value in the last twenty-four hours. Bitcoin's market capitalization is now $ 120.48 billion and its trading volume over the past twenty-four hours is $ 4.38 billion.
