Bitcoin Futures Exchange Bakkt Is Open to Adding Altcoin Contracts
Bakkt, the new crypto exchange venture backed by Intercontinental Exchange (ICE), the parent of the NYSE, is apparently open to expanding beyond its planned Bitcoin (BTC) futures trading product to include other digital currencies.
In a brief Q&A tweet, Bakkt revealed that it is receiving significant feedback regarding altcoin trading products, and emphasizes that it is willing to explore these additional contracts, as long the firm’s institutional clients are expressing an interest.
Question: We've been asked if we will add other digital currencies
Answer: We’ll consider additional contracts as the landscape evolves and as we receive additional customer feedback about what they want and need
— Bakkt (@Bakkt) November 23, 2018
While Bakkt did not reveal any specific coins in its post, there are any number of blockchain projects that would love to gain a coveted listing, with one notable example being TRON (TRX). TRON Foundation CEO Justin Sun retweeted the Bakkt announcement, claiming that TRX would be the exchange’s best choice.
— Justin Sun (@justinsuntron) November 23, 2018
Additionally, the TRON community has written a letter detailing the reasons why TRX would be a good addition to the exchange.
Despite the early interest from the crypto community, Bakkt will likely not add an additional digital currency anytime soon as the exchange recently pushed back the launch of its Bitcoin futures trading product from December 12 to January 24, 2019.
More: Bakkt Twitter Post
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.