Intercontinental Alternate’s delayed cryptocurrency “regulated ecosystem” Bakkt is already mulling the long run addition of altcoins, the corporate hinted November 23.
Bakkt: We’ll ‘Think about’ Non-Bitcoin Contracts
In a tweet, executives mentioned they might bear in mind “buyer suggestions” as a serious motivating power when deciding which cryptocurrencies to assist along with Bitcoin.
Bakkt had eyed December 12 as a launch date for its first product, bodily Bitcoin futures, however final week abruptly postponed its debut to the tip of January.
“We’ll think about further contracts because the panorama evolves and as we obtain further buyer suggestions about what they need and want,” the tweet learn.
No particular belongings had been talked about, whereas commentators proceed to debate the nascent platform’s potential influence on Bitcoin markets.
Query: We've been requested if we are going to add different digital currencies
Reply: We’ll think about further contracts because the panorama evolves and as we obtain further buyer suggestions about what they need and want
— Bakkt (@Bakkt) November 23, 2018
Days earlier than the corporate confirmed the postponement, BTC/USD zerozero had begun plummeting to lows which ended up beneath $3700, constituting an nearly 40 % drop in worth.
Volatility, some mentioned, may have been as a result of insiders realizing concerning the Bakkt determination beforehand and promoting their holdings which that they had beforehand accrued primarily based on a December launch.
Whereas a number of Wall Road heavyweights have plans to supply institutional buyers cryptocurrency-related devices, Bakkt stays the doubtless first to serve the market, sparking hopes an funding inflow may reverse Bitcoin’s ongoing bear market.