{"id":34572,"date":"2021-01-12T11:43:20","date_gmt":"2021-01-12T09:43:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34572"},"modified":"2025-08-28T21:14:57","modified_gmt":"2025-08-28T18:14:57","slug":"bakkt-ceo-rules-out-adding-xrp-to-new-products","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bakkt-ceo-rules-out-adding-xrp-to-new-products\/","title":{"rendered":"Bakkt CEO rules out adding XRP to new products"},"content":{"rendered":"

The Ripple XRP token is not a candidate for future listings on Bakkt’s institutional platform for trading Bitcoin derivatives. In the Axios Re \u0440\u0430\u0441\u0441\u043a\u0430\u0437\u0430\u043b<\/a> the new chief executive Gavin Michael.<\/p>\n

According to him, the platform plans to expand and will soon go public.<\/p>\n

\n

\u201cWe entered the crypto sphere through Bitcoin, but we are now considering other cryptocurrencies as part of developing new products. However, our activities are strictly regulated, so the Ripple token is not among them,\u201d Bakkt\u2019s CEO said.<\/p>\n<\/blockquote>\n

paused XRP trading<\/a> by Coinbase and OKCoin after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple<\/a> in December last year. Earlier, trading of the token for US residents was halted by platforms Galaxy Digital<\/a>, Bitstamp<\/a> and B2C2<\/a>.<\/p>\n

Bakkt’s activities are overseen by the SEC and FinCEN. Michael said the company is focused on regulatory compliance.<\/p>\n

\n

\u201cWe believe in the need to regulate cryptocurrency products to sustain their rollout into the financial system. We aim to accelerate the transition to digital assets,\u201d he noted.<\/p>\n<\/blockquote>\n

Earlier, on January 11, the company confirmed<\/a> its stock-market debut under the Bakkt Holdings brand with a valuation of $2.1 billion.<\/p>\n

Subscribe to the ForkLog channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ripple XRP token is not a candidate for future listings on Bakkt’s institutional platform for trading Bitcoin derivatives. In the Axios Re podcast, Gavin Michael, the new chief executive, said.<\/p>\n","protected":false},"author":1,"featured_media":34573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[780,1166,1156,1286,112],"class_list":["post-34572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bakkt","tag-centralized-exchanges-cex","tag-institutional-investors-and-whales","tag-listing","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=34572"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34572\/revisions"}],"predecessor-version":[{"id":34574,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34572\/revisions\/34574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/34573"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=34572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=34572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=34572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}