Bakkt Receives Massive Amounts Of Bitcoin


It has been reported that some of the biggest holders or bitcoin are now transferring their holdings to Bakkt’s warehouse custody solutions.

It seems that the much anticipated and much-hyped physically settled Bitcoin futures platform may not be unwarranted.

Bakkt’s official opening is a couple of weeks away and it seems that Bitcoin Whales are taking the opportunity to deposit their bitcoin early in the platform as the company already opened their warehouse for Bitcoin deposits and withdraws.

According to Glassnode, their data confirms that the largest non-exchange entity cluster, consisting of a dozen of a number of bitcoin addresses transferred their holdings to Bakkt’s wallets.

Initial response to the opening of Bakkt’s deposits and withdrawals show promise that could propel the cryptocurrency market forward and might even spark a significant Bitcoin uptrend throughout the second half of 2019.


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