Bakkt Exchange

15 Jan 2019

Recent Events

Bakkt has completed its first round seed funding, raised $182 million. Investors include Eagle Seven, Alan Howard, Goldfinch Partners, Protocol Ventures, M12 (the venture capital arm of Microsoft), Horizons Ventures, Galaxy Digital, the Boston Consulting Group, PayU, CMT Digital, Intercontinental Exchange and Pantera Capital.

What is it?

Bakkt is a cryptocurrency trading and liquidity platform owned by the New York Stock Exchange’s parent company Intercontinental Exchange (ICE).

Bakkt is currently seeking regulatory approval to launch a one-day physically delivered Bitcoin futures contract along with physical warehousing. It is awaiting permission from the Commodity Futures Trading Commission

Bakkt’s ambition is not just to be a trading platform, they want to bring cryptocurrency to consumer-grade payment field. And they cooperate with Starbucks to implement the first scenario.

How bitcoin payment works: take Bitpay for example

What is different?

What is the meaning?


Bakkt will be the go-to platform for various financial institutions to trade cryptocurrency securely, and it certainly could be the catalyst for the next large cryptocurrency bull run.