Bakkt Is Reported To Add Ethereum Contracts For Its Initial Launch Plans

2018-12-1 20:00

Everybody is waiting for Bakkt, the crypto exchange created by the owners of the New York Stock Exchange (NYSE), the Intercontinental Exchange (ICE). While some people see the company as something that might save the crypto industry from its doom, others believe that this is just another attempt from the financial market to water down the original intent of Bitcoin.

In any case, Bakkt is always important when it does something and it looks like the exchange has decided to do something huge now. Bakkt will add Ethereum contracts for when the investment platform is finally launched, according to the original report that was made by The Abacus Journal.

With recent tweets claiming that Bakkt is very open to the idea of adding more assets for trade and with its CEO Kelly Loeffler and the CEO of the Intercontinental Exchange, Jeffrey Sprecher, commenting about crypto futures other than Bitcoin being made, it was clear that something was up.

The Abacus Journal claims that Bakkt knows how the regulation will end up and that the company is getting prepared for 2019 and a greater regulation of crypto assets.

Now, the Abacus Journal has reported that three separate sources from inside the company, all of them offering documents as proof, listed both BTC and ETH as cryptos that will be around for the launch of the exchange.

Some sources indicated that the exchange decided to take a step back because there was some regulatory uncertainty that Ethereum would actually be regulated. This means that there is a good chance that they will list Ethereum, especially as they will follow the regulation and it looks like ETH will be considered a commodity instead of a security.

The idea that the Abacus Journal defends is that Bitcoin and Ether might become the new gold and silver of crypto futures contracts. While the company has not affirmed with 100% of certainty that the Ethereum contracts will be available at launch, that is something that is not off the table and that it looks to be very significant.

This means that, depending on the regulation and many other key factors that are sometimes not really clear for the retail investors, there is a high probability that Bakkt will do it.

We have to wait to discover if all of this is truth but it may as well be. Will 2019 be the beginning of the new golden age of cryptos? We sure hope so.

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