Current PrimeXBT research states that the Bakkt program will influence the crypto market. It is expected by the crypto community that the launch of the Bakkt will help in the growth of the price of the Bitcoin.
The Bakkt program is going to launch after a few days. And Bitcoin holders are waiting for the Bakkt platform to launch and it seems that their wait will soon be over. The bullish trend of the coin is likely dependent on the bakkt.
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About Bakkt Program
Bakkt program is a platform consisting of bitcoin futures exchange and digital assets. It was founded by ICE (Intercontinental Exchange) in 2018.
It is a crypto platform that will provide the crypto community with bitcoin futures, trading futures and also the facility of the storage of digital assets. The crypto trading platform is not like other platforms like CME and the futures delivery time is chosen monthly and daily.
The CEO of Bakkt whose name is Kelly Loeffler elaborates further on the Bakkt program explaining its futures goals and aims.
Bakkt is a scalable platform designed for institutional investors and trading companies that are interested in digital assets. We plan to build an open and transparent platform that will help unlock and transform the potential of digital assets in global markets and in trade. It is designed to make cryptocurrency investments safe and secure.
Will Bakkt influence Bitcoin and Crypto Market?
The launch of Bakkt has got importance because of the Bitcoin low price. The crypto community hoping that the Bakkt program will have its impact on the price of the coin and it will help the token to go mainstream.
All the projects initiated by the crypto industry have proven beneficial for the development of cryptocurrency. And it is expected that this new project of Bakkt will also show the same results as the other projects have shown. And hopefully, the Bakkt program will provide an incentive for the price growth of Bitcoin.