Bakkt Begins Hiring for Futures Exchange Despite Delays

by Osiris Team


Posted on Jan. 24, 2019, noon
Development
Time to read: 1 min
BTC BAB ETH ETC XRP XLM

Bakkt, the bitcoin futures exchange, has faced a series of roadblocks this year which has forced the team to delay their launch multiple times. Now the launch has been delayed indefinitely, as the team waits until they are granted approval by the Commodity Futures Trading Commission (CFTC). The ongoing government shutdown in the US has reportedly played a major role in the recent approval delays.

However, Bakkt is still making progress. This week, CoinDesk reported that Bakkt has launched a hiring campaign, posting eight new positions to their website.

According to the listing, Bakkt is seeking experienced developers for mobile and blockchain applications, an institutional sales manager with experience in North America or Asia; and three management positions including a director of finance, director of security engineering and director for blockchain engineering.

Bakkt is a platform developed and funded by the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). Bakkt is one of many institutional organizations from the legacy financial system to recently enter the cryptocurrency industry, but they are by far the most established and well connected. As CryptoGlobe reported late last year, Adam White, former Vice President and General Manager at Coinbase recently joined Bakkt as their chief operating officer.

The backing of regulated institutions like ICE will undoubtedly make many investors more comfortable trading cryptocurrencies. However, not everyone is excited about traditional financial institutions getting involved in cryptocurrency markets. Last year, CryptoGlobe reported that Dogecoin creator Jackson Palmer warned his followers about Bakkt specifically, suggesting that institutional influence could turn the cryptocurrency industry into "Wall Street 2.0."


Related links:
Source
Like and comment it on:

More cryptocurrency news

Latest news

Bitwise Bitcoin ETF Verdict Delayed By The SEC… Again

According to a breaking report from CoinDesk, the verdict on the Bitcoin (BTC) exchange-traded fund (ETF) application from California-based crypto upstart Bitwise Asset Management has been delayed once again.


Regulatory
BTC

May 15, 2019, 1:47 p.m.

Brave browser gaining impressive traction on Android, on par with Chrome

Brave is third, narrowly behind Google Chrome by Play Store rankings. Through a combination of innovative features including a native cryptocurrency, built-in privacy, and a streamlined experience, the app has been able to make headway in a well-entrenched industry.


Development
General

May 7, 2019, 5:52 p.m.

Bloomberg Report: Fidelity Will Start Institutional Bitcoin Trading Within Weeks

United States $7 trillion investment firm Fidelity will reportedly roll out bitcoin (BTC) trading for institutional clients in the coming weeks, Bloomberg reported on May 6.


Development
BTC

May 6, 2019, 3:07 p.m.

Kraken Just Now Disabled Bitcoin SV Trading, Price Continues To Decline

The Kraken exchange has followed several other exchanges in the decision to delist Bitcoin Cash SV (BSV), a move that has accelerated since Craig White’s decision to send legal notices to Twitter users and the likes of Vitalik Buterin and Peter McCormack.


Development
BCHSV

April 30, 2019, 5:31 p.m.

IOTA Inks Game-Changing Crypto-Powered Deal with Jaguar Land Rover

The UK-based company is teaming up with the IOTA Foundation for an initiative that will catapult cryptocurrencies into the limelight.


Adoption
MIOTA

April 29, 2019, 8:20 a.m.

Follow us