Bakkt reaches 182 million dollars in investments

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By Matheus Henrique
Posted on December 31, 2018

The year 2018 was certainly not the year of the cryptomoedas, mainly of Bitcoin, having lost from 80% to 90% of its initial value. However, despite the economic slowdown, many projects aimed at improving the acceptance and appreciation of these currencies have come into being. One of them was Bakkt.

The Bakkt was one of the main topics of 2018 and many view it as the tool that can change the negative sentiment towards Bitcoin, primarily from investors.

The Bakkt was created by the Intercontinental Exchange (ICE), also responsible for the NYSE (New York Stock Exchange). The project builds its future platforms to offer custodial services to large institutional investors, and the most interesting innovation is that they operate in accordance with US regulations.

"The Bakkt was designed to serve as a scalable ramp service to participants in the institutional, commercial and consumer digital badet markets.We promote the efficiency, safety and utility of cryptomercado. "Said Kelly Loeffler, CEO of Bakkt.

In the last hours of 2018, the Bakkt announced excellent news. They announced that they had completed a very successful financing round.

According to the Bakkt, one of the investors at this stage included the Boston Consulting Group, CMT Digital, M12 (a subsidiary of Microsoft Venture Capital), Pantera Capital (a leading venture capital firm) and the French wing of Naspers.

The total investment for this stage was $ 182.5 million.

"It should be noted that 2018 has been the most active year for crypto-parts in just 10 years, as demonstrated by increased investment in distributed ledger technology and digital badets. these successes tend to be overshadowed by the increased priority given to the price of bitcoin, which many consider to be a comparator to the potential of technology. "Kelly Loeffler said.

Price concerns are a constant on the market. Although this is relatively contrary to the initial objective of the blockchain, the currency price will still be one of the main ways to ensure the acceptance and investment in digital badets . Bakkt is therefore very important because it can really be the Bitcoin conversion point.

See also: 40% of Chinese invested in crypto-coins, according to a study