Bakkt Enable Users to Buy, Sell, and Hold ETH

Fazzaco learned that Bakkt, a cryptocurrency platform owned by the Intercontinental Exchange, has announced that it will enable users and partners to buy, sell, and hold ether (ETH). Users can also send Ethereum to family and friends directly through the Bakkt App.

Users will be able to access two cryptocurrencies, bitcoin and ETH, on the Bakkt platform. Partners can integrate with the Bakkt platform to enable their users to buy, sell and send Ethereum. Institutional clients can also choose the Bakkt Warehouse for custody of ether.

“At Bakkt, providing flexible opportunities for users to enjoy their digital assets is a top consideration, and adding Ethereum brings a popular and growing cryptocurrency to our roster,” said Bakkt CEO Gavin Michael. “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.”

As Fazzaco reported earlier, Bakkt has announced its strategic partnership with Fiserv​, a leading global provider of payments and financial services technology. The combination of expansive capabilities from Fiserv, including the ability to move funds into and out of mobile wallets, with Bakkt’s digital asset platform will enable practical uses of crypto and emerging asset classes.