RATE Group | Why All Eyes are On Bakkt Moving Forward
43139
wp-singular,post-template-default,single,single-post,postid-43139,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Why All Eyes are On Bakkt Moving Forward

22 Sep Why All Eyes are On Bakkt Moving Forward

Posted at 01:32h in Ethereum News by

[ad_1]

The cryptocurrency markets have stunned many traders by leaping forward amidst what many thought was bad news from the SEC. Less than 24 hours ago, the American regulatory authority stated that it had started proceedings to review the proposed rule change put forth by the CBOE sponsored Bitcoin ETF. This in turn meant that they would not make a decision on the 30th of September and would rather push the ruling further down the year. The exact date has not been announced, but the crypto markets have gained a massive $15 Billion to current total market cap levels of $217.7 Billion.

Why Everyone Is Now Waiting for Bakkt

With the SEC further pushing their discussion down the year, all eyes are on the Bakkt firm that is slated for launch in November. The firm will be pushing for the mainstream adoption of Bitcoin and other digital assets as investment options.

The firm goes on to explain these plans via a tweet that stated the following:

Bakkt uses the existing, time-tested, regulated…

[ad_2]

Source link