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Bakkt Announces Insurance for Bitcoin (BTC) Custody

Published 09/10/2019, 03:34 AM
Updated 09/10/2019, 04:41 AM
© Reuters.   Bakkt Announces Insurance for Bitcoin (BTC) Custody
BTC/USD
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Bakkt Warehouse has been open for a few days now, and the company announced the substantial insurance for the Bitcoin (BTC) held in custody. The custodial service arrives a few weeks before the proper start of futures trading.

https://twitter.com/Bakkt/status/1171040208105758720

However, the Bakkt has not announced the deposit addresses for the wider public. Potentially, the activity of Bakkt may be discovered in the future, by blockchain analysts. At this point, it is unknown how Bakkt would choose to store the funds, and how many addresses it would use.

The size of the insurance is sufficient to c...

This article appeared first on Cryptovest

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