The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bakkt Launch Set for Next Month, Institutional Investors Far More Involved in Bitcoin and Crypto Market Than Many Realize

by Daily Hodl Staff
October 1, 2018
in Bitcoin

The owner of the New York Stock Exchange, Intercontinental Exchange, is set to launch its crypto exchange Bakkt next month. The startup aims to offer institutional investors secure new ways to join the crypto craze, including the launch of a physically-delivered Bitcoin futures contract.

Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account.

— Bakkt (@Bakkt) September 25, 2018

Although Bakkt is a highly anticipated endeavor among crypto enthusiasts, new data shows Wall Street investors with deep pockets are already finding ways to enter the crypto market in far greater numbers than people realize.

Hedge funds, for example, have surpassed wealthy individuals as the largest buyers of crypto for purchases valued at over $100,000, according to the head of trading at Cumberland.

As reported by Bloomberg:

“Buyers such as hedge funds have replaced high-net-worth individuals as the biggest buyers of large swaths of digital coins worth more than $100,000 through private transactions, according to Bobby Cho, global head of trading at Cumberland, the Chicago-based cryptocurrency trading unit of DRW Holdings LLC, which handles the over-the-counter purchases…

‘One of the biggest criticisms of crypto by institutional investors has been the volatility,’ Cho said. ‘Over the last four to six months, the market has been trading in a very tight range, and that seems to be corresponding with traditional financial institutions becoming more comfortable diving into the space.’ A third of DRW’s transactions are happening during Asia hours, he said.”

As for Bakkt, the new platform is a joint venture with Microsoft, Boston Consulting Group and Starbucks, and is designed to realize a grand vision. In addition to launching a mainstream crypto exchange, the project aims to clear a path that allows companies to offer Bitcoin mutual funds, pension funds and more.

As reported by Fortune, the company also plans to create apps that give people easy ways to spend Bitcoin and forget about their credit and debit cards. An exact date has not been set for the launch of Bakkt, although the company says the roll out will start in November.

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • The Open Platform Is First Unicorn in Web 3.0 Ecosystem in Telegram at $1 Billion Valuation
    July 3, 2025
  • P2P.org Brings Native ETH Staking to Ledger Live Globally
    July 3, 2025
  • Cooking.City Bringing Back Value Redistribution to Solana Fair Launches
    July 3, 2025
  • Oasis Protocol Foundation Launches ROFL Mainnet – Verifiable Off-Chain Compute Framework Powering AI Applications
    July 2, 2025
  • Nexo Becomes First-Ever Digital Asset and Wealth Partner of the DP World Tour, Launches Nexo Golf Championship
    July 2, 2025
  • Number-One DeFi Protocol on Aptos, Echo, Launches Token Generation Event
    July 2, 2025
  • PrimeXBT Launches ‘Trade As VIP’ Campaign Offering 70% off Trading Fees
    July 1, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$109,586.36
$109,586.36
0.46%
Ethereum
$2,591.26
$2,591.26
0.39%
BNB
$662.68
$662.68
0.22%
Solana
$152.87
$152.87
0.14%
XRP
$2.26
$2.26
0.78%

Spotlight

  • Bitcoin (BTC) Setting Base for New Run to All-Time Highs, According to Trader Who Called 2021 Market Top
    June 26, 2025
  • Crypto Analyst Bullish on Bitcoin, Says Demand Outstripping New BTC Supply – But There’s a Catch
    June 26, 2025
  • Mass Bank Fraud Scheme Taken Down After Woman Found With Suitcase Filled With Fake Driver’s Licenses, Credit Cards and IDs: DOJ
    June 26, 2025
  • Coinbase Assists U.S. Secret Service in Seizing $225,000,000 in Crypto Tied to 2023 Pig Butchering Scam
    June 26, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl