Will Bakkt make Bitcoin a stabilized instrument with good liquidity?

With the inception of Bakkt, Bitcoins seem to become more liquid as it is trading on the New York stock exchange.

What is Bakkt?

Bakkt is a product of New York stock exchange owners designed to provide exposure of Bitcoin and other cryptocurrencies to traditional investors. Right now Bakkt offers trading in Bitcoin futures contracts.

The settlement of futures contracts is done on Bitcoin rather than cash and all the Bitcoins are stored in secure custody called cold storage.

Bakkt was launched on September 23 2019, and currently, Bitcoin trading volume at Bakkt is $286 million.

Idea behind Bakkt

The idea behind Bakkt is to offer the exposure of cryptocurrency to traditional investors so they can trade cryptos the same way as stocks and commodities.

Bakkt vows to keep Bitcoins in a warehouse adding a level of security by making offline transaction records to tackle the danger of hacking.

The vision

To make Bitcoin a global currency the first step is to make it available for traditional and institutional investors because they bring liquidity.

As Bitcoin futures are trading in the New York stock exchange it seems like it will become more stable like other currencies in the upcoming time.

Other than bitcoin the vision of Bakkt is to bring other cryptos as well into its platform for investors with transparency and security.

The way volumes are spiking on the platform we hope for a better and stable future for bitcoin.