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No, Bakkt is a cryptocurrency trading platform and it only needs approval from the CFTC, which is very likely.

https://medium.com/bakkt-blog/https-medium-com-kellyloeffler-price-discovery-f9c77885383

you can trade crypto on coinbase, gemeni, bittrex, what the big deal with Bakkt?

It targets institutions and offers them cold wallet storage. It's a big deal for the cryptosphere.

Wallsteet isn’t coming. Private funds bought above $10,000 plus and will be out if we dip below 5K

Bear market lives

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