New York Stock Exchange-listed financial services provider focused on innovation and emerging technologies, Bakkt announced that soon buying, selling and holding Ethereum will be available on the platform.
Related: Chicago Exchange announced launch of micro-futures on Ether
We’re pleased to offer the ability to buy, sell, and hold ether (ETH), the cryptocurrency of the Ethereum network, starting soon. https://t.co/ml71eEeXoX #cryptocurrency #ethereum pic.twitter.com/tN4MThWFia
— Bakkt (@Bakkt) November 5, 2021
Previously Bakkt only delivered Bitcoin-related services. The company announced the news at the time of growing interest and adoption of crypto.
According to a survey carried out by Bakkt recently, almost half (48%) of the participated US consumers invested in cryptocurrencies during the first half of 2021. In addition, many respondents revealed plans to buy crypto later this year.
Commenting on the news, Bakkt CEO Gavin Michael said that adding Ethereum brings a popular and evolving crypto asset to the app's list and will help to grow the network.
Currently, the total crypto market cap stands at over $2.7 trillion. Ether's price at the moment is around $4.480 with a market cap of $530 bln. The token's market dominance index is 19.58%.