RATE Group | Wall Street To Give Bitcoin Another Boost
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Wall Street To Give Bitcoin Another Boost

07 Aug Wall Street To Give Bitcoin Another Boost

Posted at 07:40h in Bitcoin News by

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Wall Street is working on a new platform which will ease the trading, storing and spending digital assets.

That’s bullish for Bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants, and consumers.

Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the purpose to create an open and regulated global ecosystem for digital assets. The new company is expected to work with a marquee group of organizations that includes BCG, Microsoft, Starbucks, and others, to come up with an integrated platform that will ease the trading, storing and spending of digital assets.

That could give a boost to digital assets like Bitcoin, as it will ease market volatility. “Traditionally volatility scares most investors no matter the asset class,” says Christopher Bates, a former Member of the NYSE. “Bakkt will draw resources from reputable companies with knowledge in fields of risk management and…

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