Bakkt, an institutional-grade Bitcoin (BTC) trading platform, could soon see its app launched. Bakkt President Adam White announced on May 18, 2020, that the highly anticipated app is now open for subscriptions to exclusive updates and early access.
Bakkt, the high-profile Bitcoin trading platform aimed at institutional investors has managed to gain enormous attention within the cryptocurrency space from day one. The platform has had its fair share of ups and downs though. Bakkt remains one of the most reputable and high-profile Bitcoin trading platforms out there today.
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With the vision of bringing digital assets to the mainstream, Bakkt is investing significant effort to serve both retail and institutional investors. In the latest round of updates, White reiterated that Bakkt continues to move forward with the launch of its highly anticipated app. The upcoming launch of the Bakkt app is particularly significant, as it is widely considered one of the biggest attempts to drive cryptocurrency adoption into the mainstream.
The app will allow users to spend digital assets at their favorite merchants with just a few taps. Through the app, users will also be able to transfer digital assets to family and friends, or convert them to fiat.
White added that Bakkt has incorporated more than 70 institutional investors into its warehouse custody solutions. Based on Bakkt's digital asset custody business. White said the platform's commitment to custody is reinforced by a new collaboration with Marsh's digital asset risk transfer team. For the uninitiated, Marsh is one of the world's leading insurance brokers.
