The much anticipated Bakkt platform looks like it is finally ready to launch this July. Those behind the project and many in the wider crypto asset space are hoping that the institutional-grade offering will encourage investors with the deepest pockets to enter the Bitcoin market.
Bakkt plans to appeal to the wealthiest class of investor by providing many of the same features that financial institutions are used to. Amongst other things, these include regulated price discovery, custody, and strict enforcement of existing financial regulations.
Bakkt to Begin Testing its Regulated Bitcoin Products This July
Bakkt has been a hot topic of Bitcoin and general crypto asset conversations since in was first announced in 2018. The company is owned by the Intercontinental Exchange (ICE) and the fact that they also own the New York Stock Exchange has many folks understandably excited about its launch.
The Bakkt platform has already been delayed a number of times. However, given the scope of what it seeks to achieve and the fact that it will be the first Bitcoin service of its kind on earth, it is hardly surprising that those behind it want to be sure they have overcome all technical and regulatory hurdles