I remembered when people were panicking that Bakkt might flop back when it launched with abysmal volumes.
Now, they're trading at all time high volumes, and are getting more institutions on board the crypto train, especially with opening their custody service to more people.
This shows some things do take time to mature.
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Yep, I wasn't too concerned about it, mostly just because of the people involved. They have a lot of connections and overall know how to make money in the financial markets. If they didn't think there was adequate demand here to make any money, I would assume they would have stayed away. It may just take some time for them to really get rolling.
Same here, there's plenty of smart people behind Bakkt, with good support from big companies like Microsoft and Starbucks.
They've got a good road map going ahead, too. I'm excited to see what their crypto payment/merchant platform will look like. Overall, good news for Bitcoin and cryptos moving further mainstream.
Not to mention the parent company of the NYSE, which has a fair amount of experience with financial markets. :)
That's true, they've good experience and knowledge.
Most importantly, ICE has a strong reputation and good connections with many industries all over the world, from energy, healthcare, tech, agriculture, ...
This gives Bakkt a good platform to experiment more with adapting cryptos into other industries in the near future.
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