{"id":395323,"date":"2019-09-06T23:00:48","date_gmt":"2019-09-06T23:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=395323"},"modified":"2024-06-11T13:25:10","modified_gmt":"2024-06-11T13:25:10","slug":"whales-transfer-massive-amounts-of-bitcoin-as-bakkt-opens-warehouse-custody","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/whales-transfer-massive-amounts-of-bitcoin-as-bakkt-opens-warehouse-custody\/","title":{"rendered":"Whales Transfer Massive Amounts of Bitcoin as Bakkt Opens Warehouse Custody"},"content":{"rendered":"

The hype surrounding the imminent launch of Bakkt\u2019s physically settled Bitcoin futures platform may not be unwarranted, as it now appears that some of the biggest BTC whales in the market are transferring their massive holdings into Bakkt\u2019s warehouse custody solutions.<\/p>\n

Assuming that the platform\u2019s launch is met with great utilization, it is highly probable that it will help propel that crypto markets forward and could even spark a significant Bitcoin uptrend throughout the second half of 2019.<\/p>\n

The Whales Swim as Bakkt Opens Bitcoin Warehouse<\/strong>\u00a0<\/strong><\/h2>\n

Although Bakkt is set to launch later this month, they officially opened their warehouse for Bitcoin<\/a> deposits and withdraws today.<\/p>\n

\u201cToday our Warehouse opens for customer bitcoin deposits and withdrawals as we prepare for the Bakkt Bitcoin Daily & Monthly Futures, launching September 23. The availability of physical delivery brings more flexibility in managing bitcoin exposure,\u201d the platform announced in a recent tweet.<\/p><\/blockquote>\n

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Today our Warehouse opens for customer bitcoin deposits and withdrawals as we prepare for the Bakkt Bitcoin Daily & Monthly Futures, launching September 23<\/p>\n

The availability of physical delivery brings more flexibility in managing bitcoin exposure<\/p>\n

— Bakkt (@Bakkt) September 6, 2019<\/a><\/p><\/blockquote>\n