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Source: medium.com ·
Bakkt has entered into an agreement to acquire certain assets of Rosenthal Collins Group, an independent futures commission merchant
Dan Held - @Dan-Held
6 months ago
RT @Bakkt: This acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets https://t.co/5sgdbRO6Ql
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Nik Patel - @cointradernik
6 months ago
RT @Bakkt: This acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets https://t.co/5sgdbRO6Ql
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dj Thistle - @DJThistle01
6 months ago
RT @Bakkt: This acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets https://t.co/5sgdbRO6Ql
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Andrea O'Sullivan - @anjiecast
6 months ago
RT @Bakkt: This acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets https://t.co/5sgdbRO6Ql
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Pierre Rochard - @pierre_rochard
6 months ago
RT @Bakkt: This acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets https://t.co/5sgdbRO6Ql
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Alistair Milne - @alistairmilne
6 months ago
RT @Bakkt: This acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets https://t.co/5sgdbRO6Ql
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whenthefogclears2
redditor for 3 days 6 months ago
More promises without regulatory approval, don’t think anyone’s interested in theses stories.
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seanLeeIsHurtAlert
Redditor for 3 months. 6 months ago
BAAKT will be remembered for nothing more than their cool art
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BTCChampion
Crypto God | QC: EOS 48, CC 39, BTC 31 6 months ago
Can anyone here even explain why BAKKT is a good thing? Or are you the same users who thought that Institutional money was good for Bitcoin.
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Evaluape
Redditor for 2 months. 6 months ago
BAKKT expand the payment scenario for Bitcoin, increasing merchant users and potential consumers I believe.
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ryzoblue
2 - 3 years account age. 300 - 1000 comment karma. 6 months ago
Shill me bakkt? Have no idea what it is..
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veramade
Low Account Activity 6 months ago
lets keep watching how crypto will fair soon, success
I have been loving the space more
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manaroth54
Crypto Nerd | QC: LINK 18 6 months ago
How TF does a company like this get over $180mil in first round funding 🤤
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ronnie_s
Analyst 6 months ago
At least 7 ICO's hit at least that amount
The difference in the quality of investors.
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motawa
Crypto God | QC: ICX 141, CC 100, XRP 19 6 months ago
Bakkts first acquisition? So they turned into a holding group? How about just launch the product you promised everyone?
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asyrafyusoff93
6 months ago
BAKKT is looking to be a major player, they offer a lot of interesting ideas on their platform and have a good rep...will definitely be a successful project imo
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CryptoOnly
Crypto God | QC: CC 83, ETH 75, BCH 36 6 months ago
Since when is it down vote worthy asking for a tldr.
They bought the assets of a long established 100 year old commodity trading firm.
That’s really all the article says.
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-crypt-o-keeper-
1 - 2 year account age. 100 - 200 comment karma. 6 months ago
It's 359 words; maybe just try reading it?
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Marge_simpson_BJ
Low Account Activity | QC: CC 18 6 months ago
Boom...idea for an alt coin. Wordcountchain, partnered with Microsoft. Buy now! fOMO! Shits going straight TFU.
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TheCryptoCommunity
New to Crypto 6 months ago
Good news, but I can see approval taking longer than the bulls think. Their mistake was announcing a launch date before approval was given, nothing is certain in crypto especially approval and compliance! But still, I look forward to Bakkt coming to fruition.
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ethacct
6 months ago
our mission is to build the first integrated, institutional grade exchange-traded markets and custody solution for physical delivery of digital assets.
I hate it already. Stop talking like this.
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cabbage22
6 months ago
This makes it sound like they are not ready to roll yet. Wouldn't be surprised if there is another delay.
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moon401k
Ethereum 6 months ago
You can thank the CFTC and the government shutdown for that, they're awaiting regulatory approval
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Elean0rZ
6 months ago
That's basically been expected for a while now: [https://www.theblockcrypto.com/tiny/bakkt-might-not-get-the-necessary-approvals-to-meet-its-target-launch-date-in-january-2019/](https://www.theblockcrypto.com/tiny/bakkt-might-not-get-the-necessary-approvals-to-meet-its-target-launch-date-in-january-2019/)
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CaptainKeyBeard
Crypto Nerd | QC: CC 32 6 months ago
I think they are referring to another delay. We've known for a while that January isn't happening. At least from what has been publicly stated. They could launch without much notice.
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HvdTillaart
6 months ago
Hold your horses (no pun intended). What I hated about 2017 and 2018 was that everyone was hyping everyone up with calls like this. I expect nothing will happen price-wise and the development of most platforms and a few coins can go on undisturbed.
I hope this is another Chinese new year or wall street bonus money scenario.
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Pest0noodle
6 months ago
But surely it means that more liquidity = more price? Of course not immediately but in the long run because of the big investors?
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HvdTillaart
6 months ago
Well, I believe you're right: in the long run it definitely will be beneficial for the space and theoretically it'll definitely increase the price.
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godofpumpkins
6 months ago
Measuring market cap here is mostly meaningless. I can make a $27M buy to eat up most of the bitstamp (for example) ask book and take “the price” to around $12k, thus “adding over $140B to the market cap” by spending .01% of that. It’s not measuring any useful economic quantity here so there’s little reason to describe market movements in terms of it.
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godofpumpkins
6 months ago
Sorry, I didn’t mean that I literally can buy $27M worth of coin 😄 if only
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numecca
4 - 5 years account age. 250 - 500 comment karma. 6 months ago
Just keep working. The price is irrelevant. You will be on the moon in no time. Let’s just keep our heads down and keep pressing forward.
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Libertymark
6 months ago
Keep building and working
Fud trolls are losers at this point akin to attacking
Technstocks in 2001 after the fact
About a crash
Losers
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anti-Casta
6 months ago
Because it allows people to be their own bank. Crypto is severely undervalued at this moment.
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LedByReason
6 months ago
I can explain why eth is not overvalued: https://medium.com/bitclave/do-not-pay-transaction-fees-in-ethereum-21a9dccaaf63
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clarkster
Developer 6 months ago
The gas there is still paid for by ETH. Otherwise they're is no transaction.
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LedByReason
6 months ago
What is the advantage to holding eth now besides speculation? Buying future transactions cheap now? Gas prices can fluctuate so there is no guarantee the future transactions will be cheaper.
Plus, can't I just pay for my transaction in anything I want? Can't I just PayPal a miner to include my tx or pay him in another token via smart contract? Serious questions.
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flygoing
Developer 6 months ago
That doesn't bypass eth as gas. The person that avoids paying in eth is just paying a third party in tokens to submit the transaction, and the third party is still paying in gas
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anti-Casta
6 months ago
So they bypass the Ethereum network? Dont you need to trust some party for that ?
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Dr_Bendova420
2 - 3 years account age. 300 - 1000 comment karma. 6 months ago
There's no mass adoption yet. Right now most big business enterprises are testing out blockchain tech, to see what works and what saves them money, and or makes them more profits. Buying now is still the early stages of this industry, Also everyone almost everyone has short term thinking, this a long game.
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guitarf1
5 - 6 years account age. 600 - 1000 comment karma. 6 months ago
Ethereum processes approximately twice the transactions of Bitcoin currently.
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All_Work_All_Play
I <3 Variance 6 months ago
No, they're not, although average batch recipients is ~1.15 per transaction.
Still, it's not just about tx/second, but time till confirmation. While Eth is less secure in terms of dollars/hour required to attack the network, the shorter block times lead to more granularity which is a bit more value added.
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doglife10000
3 - 4 years account age. 400 - 1000 comment karma. 6 months ago
libmark, in spite of being \*the best\* poster on this sub (and quite possibly all of reddit), definitely cannot explain why. see his post history as proof.
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CommunityPoints
Redditor for 5 months. 6 months ago
/u/krokodilmannchen tipped 1000 Donuts for this comment!
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ABitcoinAllBot
6 months ago
Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: ymids
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