Bakkt: A digital asset platform expands its crypto offering to include Ethereum

Bakkt: A digital asset platform expands its crypto offering to include Ethereum

BUSINESS | Nov 7, 2021 | WOZINGA NEWS

Bakkt: A digital asset platform expands its crypto offering to include Ethereum

  • Bakkt Holdings, Inc. announced that users and partners soon be able to buy, sell, and store ether (ETH), the Ethereum network’s cryptocurrency.

  • It is a trusted digital asset platform that enables customers to buy, sell, transmit, and spend digital assets.

By Elah Mae Ariate Wozinga Staff

Bakkt: A digital asset platform expands its crypto offering to include Ethereum

According to Business Wire, users can now send Ethereum to relatives and friends straight using the Bakkt App.

The platform will provide users with access to two cryptocurrencies representing more than half of the entire market value of all cryptocurrencies. Also, with the addition of Ethereum to its existing capabilities with bitcoin.

Growing interest and adoption of crypto leads Bakkt’s addition of Ethereum

Bakkt’s integration of Ethereum comes at a time when cryptocurrencies are gaining popularity and usage.

In the “U.S. Consumer Crypto Survey” Bakkt discovered that nearly half of respondents had purchased some type of cryptocurrency during the previous year. It leads to cryptocurrency’s growing popularity.

Many non-adopters expressed an interest in adopting the asset class before the end of the year.

Partners may now integrate with the Bakkt platform to enable their consumers to buy, trade, and send Ethereum in addition to bitcoin. Institutional clients can now use the Bakkt Warehouse for ether safekeeping, according to the report.

Bakkt aims to provide flexible opportunities for users to enjoy their digital assets

“Providing various alternatives for consumers to enjoy their digital assets is a priority consideration at Bakkt. Also, introducing Ethereum brings a popular and growing cryptocurrency to our roster,” CEO Gavin Michael said.

Users have already benefited from the app’s ability to leverage bitcoin. Also, we are certain that the addition of Ethereum will complement our growing ecosystem of partners and assets.”

Ethereum has increased in popularity over the last year. It is now accounting for a sizable portion of the cryptocurrency market, second only to bitcoin. Bakkt enables the flow of digital commerce in keeping with the company’s aim of integrating the digital economy by providing users with more possibilities to use their digital assets such as Ethereum, including buying, selling, spending, and sending.

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