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Topic: Explain me the result of Bakkt on Crypto like I'm a child - page 2. (Read 390 times)

newbie
Activity: 42
Merit: 0
I read a News Article about bakkt it will be launching on 23 September. Bakkt will be collaborating with many big companies and allow you to trade crypto. It will have a great influence on cryptocurrency.
jr. member
Activity: 36
Merit: 4
What is Bakkt?
Bakkt is enabling institutional, merchant and consumer access to digital assets in a secure, trusted ecosystem. More can be read here
https://www.bakkt.com/index


and what is the most likely effect on the prices of cryptocurrencies?
I think just go to this website and read it. There are many website where they already answered your question.
https://blockonomi.com/what-is-bakkt/
https://www.coindesk.com/information/what-is-bakkt

I had a look at all the links, thanks for sharing!
"Bakkt is enabling institutional, merchant and consumer access to digital assets in a secure, trusted ecosystem." Is not incredibly friendly to read for a non-native speaker.

So far this would be my explanation in laymans terms:
Bakkt is a company created by New York Stock Exchange (NYSE) that allows you to buy and sell crypto (along with other derivatives like futures). They work together with big companies like Microsoft, Starbucks and BCG. They specifically focus on the part that should make it very easy for regular people (even those that don't know much about crypto right now), hence why they partnered with a company like Starbucks. The impact on crypto in the long run could be quite big, since if they are successful they will introduce cryptocurrency to a larger audience.

How's that sound?
legendary
Activity: 2576
Merit: 1043
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What is Bakkt?
Bakkt is enabling institutional, merchant and consumer access to digital assets in a secure, trusted ecosystem. More can be read here
https://www.bakkt.com/index


and what is the most likely effect on the prices of cryptocurrencies?
I think just go to this website and read it. There are many website where they already answered your question.
https://blockonomi.com/what-is-bakkt/
https://www.coindesk.com/information/what-is-bakkt
sr. member
Activity: 1568
Merit: 321
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Hey all,

Bakkt is coming soon. I have been reading a little bit about it, but I mostly trade Crypto and don't know much about the underlying technology and the large corporations impacting it. What is Bakkt and what is the most likely effect on the prices of cryptocurrencies?

First you need to know what Bakkt is. To do so, visit the link below;
https://www.bakkt.com/index
Bringing transparency and trust to digital assets
Bakkt is enabling institutional, merchant and consumer access to digital assets in a secure, trusted ecosystem.

In my opinion, the greatest benefit of the BAKKT will be that it will announce more cryptocurrencies on the US and make progress towards its legalization.
jr. member
Activity: 36
Merit: 4
Hey all,

Bakkt is coming soon. I have been reading a little bit about it, but I mostly trade Crypto and don't know much about the underlying technology and the large corporations impacting it. What is Bakkt and what is the most likely effect on the prices of cryptocurrencies?
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