Bakkt has opened a Warehouse

Bakkt, the crypto exchange that is making the community excited, has some great news. The company finally launched its very own Bakkt Warehouse for Bitcoin transactions.

In late August, Altcoin Buzz reported that Bakk is gearing up for the launch of its own custody service.

And it turned out to be true. In a new tweet, the company announced that it is opening a Warehouse. Its potential clients are those customers willing to deposit Bitcoin as well as withdraw it. Bakkt writes, “the availability of physical delivery brings more flexibility in managing bitcoin exposure.” It also makes it clear that the company is preparing for the introduction of its futures.

Predictably, the community immediately reacted to the post. The majority of tweets expressed clear-cut happiness as many actors believe that Bakkt’s foray into the cryptomarket is crucial for its development. But it’s also curious that the Ripple community, known for its robustness, was quick to react to the tweet. Some users begged the question, “when #xrp?”

And “XRP please.”

However, it seems that there’s a feeling of doom and gloom present within the community, as one of the users admitted that XRP is stuck. It needs a fork.

While it is up to XRP to fix its issues, the fact that Bakkt is sticking to its plans is critical. The presence of big institutional players (reminder: Intercontinental Exchange is behind it) on the cryptomarket is important for its mass adoption. It doesn’t necessarily mean that cryptocurrencies will become mainstream in an instance. However, by the pricking of my thumbs, it’s a step in the right direction, as it means that BTC and the likes of it are here to stay.

(Excerpt) Read more Here | 2019-09-06 13:44:00
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