Bakkt prepares to launch its mobile app for crypto

Bakkt, the popular Bitcoin futures exchange, recently made headlines after announcing a major step that will bring it closer towards reaching its ultimate goal. That goal revolves around bringing cryptocurrency assets to mainstream adoption, and while the company has a long way ahead, every step matters.

Bakkt to speed up the onboarding process via the mobile app

Bakkt’s President, Adam White, recently announced that the company unlocked digital assets for over 70 different institutional investors. This is a major achievement, even for such a well-backed firm.

Meanwhile, the Bakkt Warehouse started providing fully regulated Bitcoin custody solutions for the companies in question. Of course, all of that comes alongside Bakkt’s regular business, which is supporting the delivery of Bitcoin options and futures contracts.

However, White did not miss an opportunity to make a rather intriguing announcement that immediately captured the attention of the crypto industry. He said that retail investors can start signing up for early access to Bakkt’s upcoming mobile app. Those who do sign up will also start receiving regular exclusive updates.

The app might arrive this summer

The app has yet to be launched, as mentioned, but once it arrives, it will unlock the value of crypto for merchants, institutions, and regular consumers alike. 

Neither White, not Bakkt’s CEO, Mike Blandina, revealed the exact date of the launch, although Blandina did write a Medium post back in March in which he mentioned the app. Back then, he mentioned it as he spoke of the company’s dedication in onboarding of retail investors through the upcoming Bakkt mobile app. He seemed rather optimistic about the app’s arrival in the early summer of 2020.

“I’m excited at our potential to unlock nearly $1 trillion of digital assets when the Bakkt app launches this summer,” he said. Whether or not the company will be able to meet this deadline, however, still remains to be seen.