Bakkt has onboarded 70 clients to its custody services, and signed a deal with insurance broker Marsh to provide customers with an optional extra $500 million of coverage.
Bitcoin's recent price rally and industry optimism contrast with the downbeat tone in the U.S. stock market. Even Visa's CEO says digital currencies could be "additive to the payments ecosystem."
Bitcoin's upward move looks to have stalled amid gold's rally to 7.5-year highs. But analysts think it's only a matter of time before bitcoin begins drawing stronger haven demand.