The postponement of the launch of Bitcoin (BTC) Futures Contracts by Bakkt fell on the minds of crypto traders like a hammer on an anvil. This was due to the fact that many crypto traders and enthusiasts had marked the 12th of December as the date more institutional investors would jump into crypto investing with both feet. Such an act by Wall Street firms has been assessed by many as being the catalyst that will bring in the much needed funds to prop up the value of Bitcoin and the entire crypto market.
Simply put, Bakkt had been seen as the magic switch that would end the bear market that had been accelerated by the Bitcoin Cash Hash Wars.
New Date Set for the 24th of January, 2019
In a Medium post, the CEO of Bakkt, Kelly Loeffler, updated the crypto and investor communities that the date for the launch had been pushed forward to the the 24th of January next year. She explained the reasons for the postponement was that the firm needed more time to put in place the necessary final pieces needed for the venture to succeed. Such pieces include the regulatory framework, test and re-testing processes and more.
Call For Bakkt to Add More Digital Currencies Not Just Bitcoin (BTC)
Right after the announcement postponing the launch, the team at Bakkt mentioned via twitter that they would consider adding contracts linked to other digital assets. The full tweet can be found below.
Question: We've been asked if we will add other digital currencies
Answer: We’ll consider additional contracts as the landscape evolves and as we receive additional customer feedback about what they want and need
— Bakkt (@Bakkt) November 23, 2018
TRON Community Reaches Out to Bakkt
The last statement in the tweet by Bakkt clearly states that they will consider additional contracts as the landscape evolves and as they receive additional customer feedback.
It is with this tweet that prominent Tron Community member Misha Lederman, took this a sign to write a letter to Bakkt on behalf of the Tron Community explaining why the Wall Street firm should consider TRX. His idea was simple as can be illustrated by the following excerpt from one of his tweets:
It’s vital we make our voices heard as Bakkt is considering launching coins besides
#BTC – Send this letter in an email to [email protected]
The Letter to Bakkt
- What is Tron
- The Case for Tron
The final part of the conclusion is what summed it all up and explained clearly why Bakkt should consider additional contracts as the landscape evolves. In the conclusion, Misha stated the following:
After only one year in operations, TRON has been able to outperform the top crypto projects just four months after MainNet launch, while the rapid increase of its user base make it the fastest growing blockchain in the world today.
Therefore, adding TRON to the Bakkt platform would benefit Bakkt’s customers as they will be able to buy, sell, trade, store and spend one of the most promising global digital assets and thus be part of the most ambitious crypto project to date.
What are your thoughts on the Tron Community taking the initiative to express to Bakkt why the firm should consider TRX contracts on its platform? Please let us know in the comment section below.
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.
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