Bakkt, the much-anticipated digital asset platform has shifted its focus back to digital asset custody and announced its support for six more cryptocurrencies. The platform already supports Bitcoin and is now providing custody services for Ethereum, Bitcoin Cash, Litecoin, Stellar Lumens, and SegWitCoin. This marks a major development for the platform, which has been under scrutiny since its launch in 2019.
The platform provides security and storage options for users who want to hold digital assets in the safest way possible. Bakkt also has enhanced access and provides users with the industry’s highest levels of security, widely recognized regulatory and compliance standards, and expertise in operating and safeguarding digital assets.
The announcement is part of Bakkt’s long-term strategy to become the “trustworthy and reliable bridge between digital assets and global markets.” By supporting six more coins, the platform will be able to provide better access to financial services to a wider variety of users. This is a major milestone for Bakkt, which has been building out its services to become a leading provider of digital asset services and products.