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CEO Bakkt: the platform is now ready and steady

The service should get permission from the Commodity Futures Trading Commission (CFTC). According to Bakkt CEO Kelly Loffler, after the fulfillment of all regulator’s requirements, the platform became even safer and more attractive for investment.

Initially it was expected that the platform Bakkt would be started at the beginning of the year; however, the start was postponed since the company had no approval of the USA regulators. The administration of the company, nevertheless, believes that the start will take place this year.

“As we work through regulatory approvals, we are mindful that the infrastructure we are building has the potential to create more opportunities for digital assets to grow in relevance and trust — by being more secure, investible and useful. This point in time recalls the stage in the training regimen when you’re putting in long runs with your training team. Race day is approaching, and there is more work to be done. I’m proud to be going the distance with this growing team and of the culture, we are building, while bringing digital assets into the mainstream economy,” Kelly Loeffler said.

Kelly Loeffler informs that Mike Blandina, a former PayPal and Google manager, has joined Bakkt as the Chief Product Officer (CPO).

We recall that, according to the majority of experts, the start of Bakkt will provide recovery and further development of the cryptocurrency market at the expense of the institutional capital.