Review on Bakkt by Toprak Dere
About BAKKT
As the cryptocurrency industry continues to develop, the number of platforms that provide various innovations is also increasing. We see that one of these platforms is BAKKT. Interested by many people, BAKKT also draws attention on how it will have an impact on the markets.
BAKKT is a commercial platform created to enable investors to buy, sell and store digital assets without any problems. BAKKT, which aims to increase the efficiency as well as the security of digital assets, was launched by the company that created the New York Stock Exchange. In addition, it has been supported by very famous and big companies such as Boston Consulting Group and Starbucks and microsoft. To put it simply, this step taken can be defined as "institutional investment made to attract more institutional investments".
BAKKT is a corporate exchange and therefore I will not use it. However, institutions or organizations will have a higher sense of trust than ever before. The adoption of the sector by large companies will cause the trust in the sector to increase significantly.
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Pros
- it already has the support of big companies.
- Bakkt, which started an operation against regulatory blockages, has been trying to circumvent the regulatory blockages against cryptocurrencies, which took years and increased in 2018.
Cons
- attention of institutional investors rather than individual users
