Bakkt is about to launch ETH trading on its platform, which previously only offered Bitcoin
November 5, 2021, 3:38PM EDT
1 min read
On November 5, crypto platform Bakkt announced that it would incorporate Ether onto its platform, which had previously limited offerings to Bitcoin.
A representative for the firm told The Block that “We have received all required approvals and have already built the necessary technology to begin offering Ethereum on the Bakkt platform. These capabilities will be live on the platform in the next few weeks.”
Bakkt's platform allows users to buy and sell crypto and send it to other platform users, but not withdraw it to third-party wallets.
In addition to its retail offerings of Bitcoin and, soon, Ether, Bakkt has derivatives trading and custody servicers available to institutional investors.
TRON DAO has announced the launch of a $10 million incentive fund in light of recent events to support Terra developers migrating to the TRON ecosystem, including TRON’s EVM compatible cross-chain solution BitTorrent Chain (BTTC), which helps facilitate the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.