Digital Asset Manager Bakk reveals plans to provide Ethereum services-

On November 5, Bakkt Holdings announced that the company will soon allow its customers to buy, sell and store Ethereum after Bitcoin has only offered Bitcoin since the company started. The company notes that the addition of Ethereum takes place at a time when the interest and acceptance of digital currencies continue to increase significantly.

Bakkt announces Ethereum support

bakkt ( nyse: bkkt ) announced that the company will offer "soon" Ethereum (eth) In addition to the offer bitcoin (btc) . Digital Asset Manager, listed at the New York Stock Exchange (NYSE), started the offer of its products as a subsidiary of Intercontinental Exchange (ICE) three years ago in August 2018. Bakkt on Friday said that customers and partners of the company will soon have the opportunity to buy, sell and keep.

The adding of Ethereum follows that of the company Recent partnership with Google," To present assets ”. In addition, the company went to the stock exchange in mid-October, after one Complete fusion with a company called VPC Impact Acquisition Holdings. The BKKT shares are exchanged for $ 32.61 and the company's market value is $ 838.82 million on November 5. The latest offer will also give institutional customers the opportunity to use the Bakkt Warehouse for the custody of Ethereum.

"Bakk user have already enjoyed the possibilities of the app to use Bitcoin, and we are confident that our addition to Ethereum will complement our growing ecosystem of partners and assets," said Gavin Michael, CEO von Bakt, in a statement on Friday.

In the meantime Ethereum ( eth ) recently reached an all-time high of 4.674 US dollar. Ethereum is the second largest market after capitalization with $ 530 billion on Friday and 18.7% of the crypto economy of $ 2.8 trillion. In the past 12 months Ethereum has increased 976% and 24% in the course of the last month. The announcement of BAKKT did not announce the start date when it would offer Ethereum services.

What do you think that Bakt adds Ethereum in addition to the Bitcoin services? Let us know your opinion on this topic in the comments below.

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