In statement today on Medium, the CEO of BAKKT Kelly Loeffler announced that they had secured insurance for their bitcoin cold wallets and were in the process of getting insurance for their warm wallets as part of BAKKT’s daily futures and warehousing operations.

Loeffler notes:

I’m pleased to announce that we have insurance for bitcoin in cold storage and are in the process of securing insurance for the warm wallet within the Bakkt Warehouse architecture. We are focused on every aspect of delivering an institutional grade crypto warehouse solution and believe this is a significant step in building confidence in this asset class.

You can read the full announcement here on BAKKT’s blog.

The news was overshadowed however by an initial announcement that the opening of the Bakkt™ Bitcoin Daily Futures platform would be delayed until 24 January 2019.


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David Black is a staff writer at The Decentral, living and writing in Chiang Mai, Thailand. He’s also the author of both fiction and non fiction books and likes to debate the finer parts of crypto currency and politics to anyone who will listen.

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