Bakkt Focusing on Bitcoin Due to Its Liquidity and Classification as a Commodity13.38

Following the cryptocurrency market’s foray down to fresh yearly lows, investors are becoming increasingly alert to news regarding upcoming institutional-aimed products, including that being offered by Bakkt.

On the heels of Bakkt’s recent decision to delay their platform’s launch until late-January, 2019, the company released an update on their Twitter account informing the public about why Bitcoin will initially be their primary focus. It noted that its liquidity and classification as a commodity by the U.S. Commodities and Futures Trading Commission (CFTC) are the primary driving factors behind their decision.

Original source
https://www.newsbtc.com/2018/11/21/bakkt-focusing-on-bitcoin-due-to-its-liquidity-and-classification-as-a-commodity/

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