• bitcoinBitcoin$70,792.001.96%
  • ethereumEthereum$3,573.652.00%
  • elrond-erd-2MultiversX$61.021.38%

Ethereum to Be Available on Bakkt

Ethereum is coming to Bakkt

Bakkt Holdings, Inc has confirmed that it has plans to soon offer users and partners the option of buying, selling, or holding Ethereum, the second most popular crypto in the world.

Using the Bakkt App, its customers will also have the opportunity to send Ethereum to family or friends. With Ethereum being added to its already existing capabilities with Bitcoin, Bakkt will let people access two cryptos that, together, represent over half of the total market value of all cryptos existing.

The exchange declared:

“Bakkt users have already enjoyed the app’s capabilities to leverage bitcoin and we are confident that our addition of Ethereum will be a complement to our growing ecosystem of partners and assets.”

Why Is Ethereum Coming to Bakkt?

The addition of Ethereum on Bakkt comes at a time when the interest in adopting cryptos is growing again.

Bakkt discovered in its “US Consumer Crypto Survey” that around half of the respondents had acquired some form of crypto within the previous 12 months thus showing the increasing popularity that crypto is experiencing currently. Even those who didn’t purchase any crypto had revealed that they would be interested in making such an investment before the year ends.

Now partners are allowed to integrate with the Bakkt platform to allow their users to purchase, sell, or send Ethereum, not just Bitcoin. Institutional clients also have the option of using the Bakkt Warehouse for custody of Ethereum.

“At Bakkt, providing flexible opportunities for users to enjoy their digital assets is a top consideration, and adding Ethereum brings a popular and growing cryptocurrency to our roster. Bakkt users have already enjoyed the app’s capabilities to leverage bitcoin and we are confident that our addition of Ethereum will be a complement to our growing ecosystem of partners and assets,” declared the CEO of Bakkt, Gavin Michael in a statement.

The popularity of Ethereum had grown in 2021 thanks to DeFi and NTFs going viral and helping the network reach a $500 billion market cap.

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