Bakkt Enables Ethereum Offering on Its App

Bakkt, the cryptocurrency arm of Intercontinental Exchange (ICE), announced on Friday that it had enabled its users the ability to buy, sell, and hold Ethereum (ETH). According to the press release, the offering will be available via the Bakkt App.

Moreover, Bakkt’s partners could integrate with the platforms to enable their users to access this brand-new feature in the crypto branch of ICE. For example, institutional clients could pick the Bakkt Warehouse for custody purposes, the company stated. Additionally, users could download the Bakkt App via Google Play Store and App Store.

“At Bakkt, providing flexible opportunities for users to enjoy their digital assets is a top consideration, and adding Ethereum brings a popular and growing cryptocurrency to our roster. Bakkt users have already enjoyed the app’s capabilities to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, and we are confident that our addition of Ethereum will be a complement to our growing ecosystem of partners and assets,” Gavin Michael, CEO of Bakkt, commented on the matter.

Crypto Adoption Increases in the United States

The announcement comes in the wake of a recent survey, the ‘US Consumer Crypto Survey,’ which revealed that nearly half of the respondents had acquired some form of cryptos within the last year, Bakkt said.

In June, Bakkt launched a new virtual Visa debit card, dubbed ‘Bakkt Card’. According to the announcement, the new product will allow users to spend their Bitcoin (BTC) and cash balances to purchase goods, services online and even pay in physical stores where Apple Pay or Google Pay are accepted. The Bakkt App allows its users to apply for the Bakkt Card from within the App, and once it gets approved, users can spend their funds right away from the Bakkt App without having to wait for conversion times or bank transfers from a separate Bitcoin wallet to their bank account.