Launch of the Bakkt Exchange Delayed to Later in 2019
By Luke Flowers – Cryptocurrency Dealer
The Chief Executive Officer (CEO) of Intercontinental Exchange (ICE), Jeff Sprecher, has announced delaying the launch of their digital asset platform, Bakkt. The launch has been pushed back to later in 2019 after disclosing financial results of Q4 and 2018 which resulted in the company spending over $1 Billion on strategic initiatives.
ICE is the parent company to the New York Stock Exchange (NYSE) and operates in 23 leading global exchanges. Bakkt is to be separate to ICE functioning independently with its own staff but backed by ICE’s infrastructure and technology to seamlessly buy and sell crypto.
The Bakkt exchange was reportedly approach by Starbucks for a partnership amongst other big-name companies to provide their customers with a means of making purchases using crypto. Users will be able to utilise the partnership to cash out crypto for daily purchases as the platform will be the means of exchange converting crypto to cash. Starbucks and any other businesses looking to utilise the platform will not expose themselves to the price volatility of the asset.
Bakkt are hoping to create a secure global platform to connect merchants, investors and consumers for a simple, fast and cost-effective way to buy and sell cryptocurrency. The platform has a strong focus on meeting all applicable regulatory requirements whilst bringing trust and efficiency to the commercial trading of digital assets.
You can already exchange Bitcoin or sell EOS through our platform as well as many others so take a look today.