Bakkt, the Digital Asset Platform, Has Announced that It Will Support Ethereum!


With the growth of the crypto currency ecosystem and the spread of crypto assets, many financial institutions have rolled up their sleeves to operate in this area. Bakkt, a United States-based digital asset platform that currently offers Bitcoin support to its users, Ethereum he also announced that he would start offering support.

Bakkt Announces Ethereum Support

Bakkt announced on Friday that its customers will be able to trade on Ethereum just like they would with Bitcoin. The CEO of the company said that users are quite satisfied with the Bitcoin support and that it is important for the company to add Ethereum support.

Gavin Michael, CEO of Bakkt, commented on the issue:

“Bakkt users have already liked the ability to make Bitcoin transactions in the application. We are confident that our Ethereum support will complement our growing ecosystem of partnerships and assets.”

Along with the value increases recorded by crypto assets and the rise in the market value of the crypto currency ecosystem, a large number of financial institutions have started providing digital asset services. Many experts on the subject say that Bakkt Ethereum he expressed that his support is a positive development on behalf of the entire cryptocurrency ecosystem, especially Ethereum.

The Current Situation on Ethereum

Ethereum, the second largest crypto currency by market capitalization, reached an all–time high (ETH ATH: 4.674,90 USD – CoinGecko) on November 3 with its upward price movements. Although Ethereum experienced some depreciation by making a small correction after the ATH it recorded, it managed to largely maintain the price increases it recorded.

At the time of writing Ethereum, It trades at price levels of $520 with a market capitalization of $4.416 billion, according to CoinGecko data.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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