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Bitcoin Platform Bakkt Raised $ 182.5 Million

Bakkt cryptocurrency platform headed by the operator of the New York Stock Exchange Intercontinental Exchange (ICE) successfully closed the first round of funding and raised $ 182.5 million.

Investors included Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Mike Novograc, Goldfinch Partners, Horizons Ventures, Intercontinental Exchange, Microsoft Venture Division, M12, Pantera Capital, PayU, Fintech Naspers, Protocol and Alan Howard.

According to the blog, Bakkt intends to create the first regulated exchange for institutional investors in combination with the physical supply of digital assets and custodial services.

Representatives of the platform have been cooperating with the US Commodity Futures Trading Commission (CFTC) for a significant part of 2018 and will continue to work on obtaining the necessary permissions to launch bitcoin futures deliverable.

Bakkt also stressed that many consider the fall in the Bitcoin price as a verdict for the potential of the technology, although not a single innovation, in their opinion, has reached its full potential in the first decade.

Meanwhile, ICE confirmed that the launch of Bakkt would not took place on January 24, since the collaboration with the CFTC has not yet been completed. Soon, company representatives will clarify the new launch date.