One of the most anticipating crypto big thing in this year is the coming launch of Bakkt Exchange by ICE - the parent company of the New York Stock Exchange since the exchange will bring institutional investors to the crypto world.
We can estimate how attractive this exchange is by noticing the following big investors and partners:
This institutional-graded exchange has successfully raised 182.5 million fund from Boston Consulting Group, CMT Digital, Microsoft's venture capital arm, Horizons Ventures, etc. The world's 23rd richest man, Mr. Li Ka Shing from Hong Kong is also one of the investors in the above fund-raising.
Bakkt also partner with Microsoft, which provides cloud infrastructure to the service, and Starbucks, to develop practical, trusted and regulated applications for their customers to convert their digital assets into US dollars for use at their point-of-sales.
When will the Bakkt Exchange be launched?
Due to the US government shutdown, the targeted launch date 24 Jan 2019 have to be postponed, once again. We have to wait the commissioners back to their work and to vote on whether to put out the proposal for public comment. After the 30-days comment period, one more week is required for the commissioners to study the comment before the exchange can be officially launched.
Therefore, if the US government back to work in early February, the earliest date for Bakkt launch will be in mid of March. And we believe there will be a price boom among crypto-currencies at the launch period.
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