NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Bakkt Opens Bitcoin Custody to All Institutions, Futures on Track for New ATH

Rick Delafont
Rick Delafont
1 year ago
2 mins read
bakkt bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Bakkt platform has just announced that it will now allow any institutions to use its Bitcoin custody solution. Previously, only those trading the platform’s Bitcoin futures contracts had access to the Bakkt Warehouse.

The news comes as Bakkt futures look on track to set another all-time high. After a rather dismal start to trading on the platform, interest appears now appears to have picked up.

Bakkt to Offer All Institutional Clients Access to its Bitcoin Custody Warehouse

According to a blog post by Bakkt, the company is opening up its regulated Bitcoin custody service to all institutions. The Bakkt Warehouse actually went live prior to the launch of the platform’s futures contracts this September. However, it was previously reserved for clients wanting to trade the physically-settled Bitcoin futures.

The New York Department of Financial Services (NYDFS) recently granted Bakkt permission to offer custody services to global clients. Already taking advantage of the service are Pantera Capital, Galaxy Digital, and Tagomi. Bakkt says that it is in the process of onboarding additional clients for its Warehouse service.

In the post, Bakkt’s Adam White describes custody as “perhaps the critical link” needed for institutional adoption of Bitcoin. He adds:

“Safely storing digital assets demands a comprehensive approach to custody. Institutions and sophisticated investors… require proven infrastructure, robust operational controls, and independent oversight.”

White also describes some of Bakkt’s procedures to ensure clients’ digital assets remain secure. He mentions the platform’s $125 million insurance policy, its segregation of personal duties, the auditing process it undergoes, and a host of other features aimed at protecting customer funds.

Interest in Bakkt’s Futures Continues to Heat Up

Despite a highly underwhelming debut, interest in Bakkt’s Bitcoin futures is finally starting to pick up. On Friday November 8, the platform smashed its previous all-time high. The daily session saw the trading of 1,741 Bitcoin futures contracts. The total dollar figure was almost $15.5 million.

https://twitter.com/BakktBot/status/1193169880817778690

Although these figures are still insignificant when compared with other cryptocurrency exchange trading volume, considering that month following Bakkt’s launch saw only figures between $200,000 and $1.9 million trade each day, the current volumes are a sizeable increase.

Today, Bakkt again looks on track to set a new all-time high. Traders had already exchanged 1,018 Bitcoin futures contracts at just a third of the way through the current session. The Bakkt monitoring Twitter account Bakkt Volume Bot (@BakktBot) projects a total daily volume for today of 2,031 contracts. This would be equivalent to more than $17.75 million.

https://twitter.com/BakktBot/status/1193909652540608512

 

Related Reading: Why Bitcoin Needs to Flip $9,700 Into Support to Support Bull Case

Featured Image from Shutterstock.
Tweet123Share224ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin crash

These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over

The Bitcoin price crash began over the weekend and has since seen he digital asset break below the $112,000 support...

Scott Matherson 2 hours ago
criptomonede cu potential

În ce criptomonede cu potențial investim pe final de septembrie?

De fiecare dată când Bitcoin și Ethereum sunt relativ aproape de ATH-uri, cum este în acest moment, majoritatea investitorilor vorbesc...

antonio 2 hours ago
Solana

Solana DATs Arrive In Australia: Fitell Corporation Announces $100M SOL Treasury Strategy

As Solana attempts to reclaim the $220 level as support, an Australian-based firm has joined the trend of Digital Asset...

Rubmar Garcia 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

altcoins-utilitaires-vs-memecoins

Altcoins utilitaires vs memecoins : quatre projets qui explosent tous les records ces derniers jours

guillaumev 11 minutes ago
Bitcoin news

Bitcoin Will Soak Up Trillions From China And Russia, Billionaire Predicts

Jake Simmons 59 minutes ago
중국 첫 공식 스테이블코인 출범…베스트월렛 프리세일 투자 금액 급등

중국 첫 공식 스테이블코인 출범…베스트월렛 프리세일 투자 금액 급등

Soyeon Lee 1 hour ago

Premium Sponsors

Press Releases

  • Top Altcoin

    Gemini chọn ra 3 các đồng coin tiềm năng để...

    2 minutes ago
  • pepenode altcoin

    Alt coin Pepenode biến đổi khai thác thành trò...

    7 minutes ago
  • Az altcoin szezon itt van. Ez a három tényező hajthatja a bikapiacot

    Az altcoin szezon itt van. Ez a három tényező hajthatja...

    11 hours ago
  • Sezon na altcoiny już tu jest. Te trzy czynniki mogą napędzać hossę

    Sezon na altcoiny już tu jest. Te trzy czynniki mogą...

    13 hours ago
  • Sezonul altcoin este aici. Acești trei factori sunt văzuți ca motoare ale raliului

    Sezonul altcoin este aici. Acești trei factori sunt...

    16 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.