Assets, Bitcoin

Is Bakkt Good for Bitcoin?

Bakkt is a digital asset exchange founded by Intercontinental Exchange (ICE), Microsoft, and other big names. The Bakkt exchange is designed to bring more institutional investors into the digital asset space.

The launch of Bakkt has been delayed several times, but is now set to launch on December 12, 2018. This date is significant because it marks the one-year anniversary of Bitcoin Futures contracts being traded on the Chicago Mercantile Exchange (CME).

NOTE: WARNING: Investing in Bitcoin can be risky and you should only invest what you can afford to lose. Investing in Bakkt is no different. Bakkt is a platform for digital assets and it has both pros and cons. It has the potential to increase the mainstream adoption of Bitcoin, but it also comes with risks of its own, including counterparty risk and volatility. Do your own research and make sure you understand all the associated risks before investing in Bakkt or any other form of cryptocurrency.

The Bakkt exchange will offer physically-settled Bitcoin Futures contracts, meaning that investors will receive actual Bitcoin when the contract expires, instead of cash. This is seen as a positive development by many in the industry, as it will provide more legitimacy to Bitcoin as an investment vehicle.

The Bakkt exchange is seen as a positive development by many in the industry because it will provide more legitimacy to Bitcoin as an investment vehicle. However, there are some concerns that the Bakkt exchange could centralize power within the Bitcoin ecosystem.

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