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Who owns Bakkt bitcoin?

Bakkt is owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). ICE then offers a Bakkt-branded Bitcoin futures product. This is where traders are able to bet on the rising or falling price of Bitcoin. All the Bitcoin used to back the trades is stored in Bakkt's secure custody.

Where does Bakkt store bitcoin?

All the Bitcoin used to back the trades is stored in Bakkt's secure custody. Bakkt is owned by the Intercontinental Exchange. Image: Shutterstock. So, Bakkt looks after the Bitcoin on behalf of ICE, which enables institutional investors to speculate on it in the form of futures trading.

Is Bakkt a good crypto trading platform?

Bakkt is a crypto trading platform with serious clout behind it. The company is backed and supported by the Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE). It hopes to rival giants like Robinhood and Coinbase by adding popular features, rewards programs, and Venmo-like payment services that most exchanges lack.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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