A cryptocurrency-focused custody platform and tool for the purchase, sale & storage of bitcoin (EXANTE: Bitcoin) Bakkt is now open for sign ups and early access, Bakkt President Adam White said in an official announcement.
The service, which is now focused on global adoption, is reportedly unlocking the value of digital assets for consumers, merchants, and institutions.
White says recently Bakkt has also successfully completed a SOC 1 Type I examination by KPMG and a SOC 2 Type II examination of the ICE infrastructure.
"These audited procedures and controls are essential to our institutional customers and led Tagomi, one of the most popular crypto prime brokers, to select Bakkt as their preferred bitcoin custodian," White said.
Bakkt President highlights that beyond the $125 million of insurance already in place at the Bakkt Warehouse, clients can purchase more than $500 million in additional insurance coverage, subject to underwriting criteria.
iHodl previously reported that backed by Intercontinental Exchange (ICE) cryptocurrency custody platform appointed David Clifton as new interim Chief Executive Officer.
Clifton replaced Mike Blandina, who has been serving as Bakkt CEO since December 2019. Blandina decided to leave the company "to pursue a new opportunity."
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