The Bakkt Consumer App Will Do More Than Just Crypto Investing: Pres. Adam White

2020-1-23 18:15

Intercontinental Exchange’s CEO, Adam White announced the launch of its retail app in 2020. The app will tilt towards the traditional financial system style such as PayPal rather than the crypto-agnostic apps like Coinbase, said White.

Adam White, President of Bakkt, announced the launch of their consumer-based application and other developments in the ICE-backed futures exchange during the World Economic Forum in Davos in a panel hosted by The Block.

The company has been working on a digital asset application with the CEO now confirming the launch will be in 2020 with cryptocurrency interoperability. According to White, the app will allow merchants to accept crypto payments, loyalty points, digital equities, and other digital assets. This will represent a shift from the company’s widely known institutional investment focus with retail customers to the target market for the app.

The app will not include custodial wallets or buying and selling of cryptocurrency, as the company took a more legacy financial approach than a crypto-focused approach. More like a PayPal app rather than the conventional Coinbase or Flexa app. The exchange has long been regarded as an institutional crypto gateway but the latest development sets up new market space for the exchange.

However, White said the cryptocurrency market is yet to reach its heights in development but the field “will find something”. He said,

“I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.”

Bakkt seems to be taking a new direction in the market since the newly-appointed CEO, Mike Blandina, took office from a newly appointed senator of the state of Georgia, Kelly Loeffler in late October.

Despite starting off the year on a back foot of CME institutional futures, Bakkt is on hand to test the 6000+ BTC futures all-time high set in December and White believes the growth of the crypto market is a key influencing factor.

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ICE-Backed Bakkt Exchange Rolls Out Cash-Settled Bitcoin Futures And BTC Options Products

On Monday, December 9, 2019, COO of Bakkt, Adam White announced the live action of two new bitcoin contracts: a Bakkt Bitcoin (USD) cash settled futures and monthly options. As per the blogpost, Bakkt has a benchmark contract that allows them to create products that satisfy customer needs and the aforementioned two products are meant […]

2019-12-9 18:57


Фото:

Адам Уайт сравнил биткоин со средством накопления

Биткоину не хватает применения в реальной жизни. Об этом заявил генеральный директор торговой площадки для институциональных инвесторов Bakkt Адам Уайт (Adam White).

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2019-11-14 02:30


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2019-7-22 15:00


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Команда криптовалютной платформы Bakkt официально объявила о дате начала тестирования bitcoin-фьючерсов. Событие запланировано на 22 июля. Соответствующая информация появилась в блоге компании. @Bakkt may be a "moonshot bet" but the market structure problems we're solving are real.

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Генеральный директор Bakkt Адам Уайт (Adam White) в своем блоге написал, что платформа готовится начать тестирование фьючерсов на биткойн с 22 июля. В своем обращении Уайт сравнил это событие с посадкой «Аполона-11» на Луну, так как это задаст новые стандарты в криптовалютной сфере и привлечет в отрасль институциональных инвесторов. Он также отметил, что основными препятствиями […]

2019-6-14 12:30


Bakkt Will Start ‘Moonshot’ Bitcoin Futures Testing In July

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2019-6-13 19:00


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Ожидающая одобрения на запуск от Комиссии по торговле товарными фьючерсами США (CFTC) криптовалютная торговая платформа Bakkt сообщила о том, что приобрела компанию-кастодиана Digital Asset Custody Company (DACC), а физическую безопасность приватных ключей намерена обеспечить благодаря распределенному хранению в сотрудничестве с банком BNY Mellon.

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Bakkt COO: Crypto Market Is Shifting, Institutions Will Enter

Bakkt Gives Status Update, Confirms Adam White News As reported by Ethereum World News last week, those familiar with the matter divulged that Adam White, Coinbase Institutional’s head, had unexpectedly left the San Francisco-based startup to join Bakkt, an up and coming crypto platform that has been endorsed by the Intercontinental Exchange (NYSE’s parent company), […] The post Bakkt COO: Crypto Market Is Shifting, Institutions Will Enter appeared first on Ethereum World News.

2018-10-16 04:05


СМИ: Экс-глава институционального направления Coinbase ушел в Bakkt

Стало известно новое место работы бывшего руководителя институционального направления американской криптовалютной биржи Coinbase Адама Уайта (Adam White). Он перейдет на работу в компанию Bakkt и займет пост операционного директора.

2018-10-12 13:26


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