Report: Crypto Platform Bakkt Used Bear Market to Accumulate Digital Assets

The bear market for cryptocurrency in 2018, which many analysts are referring to as the ‘crypto winter,’ proved fortuitous for at least one investment platform. While coin prices plunged over 80 percent across the board for top cryptocurrencies, the parent company behind forthcoming trading platform Bakkt used the opportunity to accumulate digital assets at a discount.

According to a report by Reuters, Intercontinental Exchange Inc (ICE), the company behind institutional cryptocurrency trading platform–which counts Starbucks among its proprietors–took advantage of 2018’s crypto winter to purchase coins at depressed prices.

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