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Bakkt to Support Ethereum Alongside Bitcoin

Linas Kmieliauskas
Last updated: | 1 min read
Source: Adobe/Ascannio

US-based, heavily-backed digital asset platform Bakkt said it will start supporting ethereum (ETH) alongside bitcoin (BTC) “soon.”

Their clients will be able to buy, sell, hold, and send ETH, by using Bakkt App. Institutional clients can also choose the Bakkt Warehouse for custody of ethereum, they added.

“Bakkt users have already enjoyed the app’s capabilities to leverage bitcoin and we are confident that our addition of Ethereum will be a complement to our growing ecosystem of partners and assets,” Bakkt CEO Gavin Michael was quoted as saying.

At 14:14 UTC, ETH trades at USD 4,532 and is unchanged in a day. The price increased by 6% in a week. BTC changes hands at USD 61,790 and is also unchanged in a day. It’s up by 2% in a week.

Learn more: 
Bakkt Users Will be Able to Spend Bitcoin via Google Pay
Bakkt Launches Bitcoin Wallet With Starbucks And More

Bakkt Predicting Sky-high Growth for ‘USD 3 Trillion’ Crypto Sector 
Bakkt Plans to Have 18M Users in 2022, Announces Post-Merger Valuation