Digital asset management company Bakkt reveals plans to provide Ethereum services – Bitcoin News


On November 5, Bakkt Holdings announced that since the establishment of the company, the company will soon allow customers to buy, sell and store Ethereum after providing Bitcoin. The company noted that it added Ethereum at a time when the interest and adoption rate of digital currencies continued to grow significantly.

Bakkt announces support for Ethereum

bake (New York Stock Exchange: BKKT) Has announced that the company will provide “soon” Ethereum (ETH) In addition to providing Bitcoin (BTC)This digital asset management company listed on the New York Stock Exchange (NYSE) is a subsidiary of the Intercontinental Exchange (ICE) and began offering its products in August 2018 three years ago. baked It was explained on Friday that customers and company partners will soon be able to buy, sell and hold ether.

Adding Ethereum follows the company’s Recent partnership “Introducing digital assets to millions of consumers” with Google.In addition, after the company went public in mid-October, Complete the merger Work with a company called VPC Impact Acquisition Holdings. BKKT’s stock price is US$32.61, and the company’s market capitalization on November 5 was US$838.82 million. The latest release will also enable institutional clients to use the Bakkt warehouse to host Ethereum.

Bakkt CEO Gavin Michael said in a statement on Friday: “Bakkt users have already enjoyed the app’s ability to leverage Bitcoin, and we believe that the addition of Ethereum will complement our growing ecosystem of partners and assets. “

At the same time, Ethereum (Ethereum) The market recently hit an all-time high of US$4,674 on November 3. Ethereum is the second largest market by market capitalization, with a market capitalization of $530 billion on Friday, accounting for 18.7% of the $2.8 trillion crypto economy. In the past 12 months, Ethereum has risen by 976% and 24% respectively in the past month. Bakkt’s announcement did not disclose when the Ethereum service will be provided and the release date.

In addition to Bitcoin services, what do you think of Bakkt adding Ethereum? Please tell us your thoughts on this topic in the comments section below.

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