The firm will provide crypto services to 3.0 verse in the UK and EU later this year.
It is expanding in Asia, including regions like Hong Kong and Singapore.
Bakkt
Holdings, Inc. (NYSE: BKKT)
has unveiled its plan to expand its crypto capabilities into multiple
international markets in collaboration with existing and newly-signed clients.
The expansion is expected to be completed by the end of the year.
Bakkt's
Expansion Plans
Bakkt
and its client Hapi, a stock trading platform, have expanded
their crypto trading capabilities in Latin America by entering Mexico and
Argentina. They also plan to go live in Brazil by the end of 2023.
Bakkt
and Hapi are planning to launch their services in Spain by the end of 2023.
Additionally, Bakkt will offer crypto trading and custody services in the UK
and EU to the crypto app 3.0 verse, with a planned launch by the end of the
year. Bakkt's expansion in Asia includes partnerships with 3.0 verse, covering
regions, such as Hong Kong and Singapore.
“We are working
efficiently to expand into international regions with more regulatory clarity
and sizeable addressable markets. We are excited to be collaborating with
clients eager to pursue these opportunities together,” said Gavin Michael, the CEO
of Bakkt.
"Bakkt's history
of regulatory compliance has well-positioned us to expand globally, and we will
continue to seek out expansion opportunities with additional clients in current
and new markets."
Bakkt
is expanding domestically through collaborations with institutionally-backed
clients. One such collaboration includes a preliminary agreement with EDX
Markets, a digital asset marketplace serving crypto-native firms and large
financial institutions. Bakkt is set to join EDX's clearing house and custodial
network, initially serving as a backup qualified custodian.
The
acquisition is poised to diversify Bakkt's revenue streams, strengthening its
overall business operations. Bakkt has agreed to a maximum purchase price of
$200 million for the acquisition. The deal would begin with an initial payment
of $55 million in cash at the closing, followed by additional payments of up to
$45 million and $100 million in Bakkt stocks, contingent on the acquired
business's performance in the fourth quarter of 2022 and the achievement of
financial targets through 2025.
Both
companies were working towards closing the acquisition in the first half of
2023, subject to the necessary regulatory approvals. Apex
Crypto, established in 2019, offers a platform for investors to transition
between trading equities and cryptocurrencies.
Its services cater to over 30 fintech firms and their customer base, providing
an integrated solution for crypto trading.
Bakkt
Holdings, Inc. (NYSE: BKKT)
has unveiled its plan to expand its crypto capabilities into multiple
international markets in collaboration with existing and newly-signed clients.
The expansion is expected to be completed by the end of the year.
Bakkt's
Expansion Plans
Bakkt
and its client Hapi, a stock trading platform, have expanded
their crypto trading capabilities in Latin America by entering Mexico and
Argentina. They also plan to go live in Brazil by the end of 2023.
Bakkt
and Hapi are planning to launch their services in Spain by the end of 2023.
Additionally, Bakkt will offer crypto trading and custody services in the UK
and EU to the crypto app 3.0 verse, with a planned launch by the end of the
year. Bakkt's expansion in Asia includes partnerships with 3.0 verse, covering
regions, such as Hong Kong and Singapore.
“We are working
efficiently to expand into international regions with more regulatory clarity
and sizeable addressable markets. We are excited to be collaborating with
clients eager to pursue these opportunities together,” said Gavin Michael, the CEO
of Bakkt.
"Bakkt's history
of regulatory compliance has well-positioned us to expand globally, and we will
continue to seek out expansion opportunities with additional clients in current
and new markets."
Bakkt
is expanding domestically through collaborations with institutionally-backed
clients. One such collaboration includes a preliminary agreement with EDX
Markets, a digital asset marketplace serving crypto-native firms and large
financial institutions. Bakkt is set to join EDX's clearing house and custodial
network, initially serving as a backup qualified custodian.
The
acquisition is poised to diversify Bakkt's revenue streams, strengthening its
overall business operations. Bakkt has agreed to a maximum purchase price of
$200 million for the acquisition. The deal would begin with an initial payment
of $55 million in cash at the closing, followed by additional payments of up to
$45 million and $100 million in Bakkt stocks, contingent on the acquired
business's performance in the fourth quarter of 2022 and the achievement of
financial targets through 2025.
Both
companies were working towards closing the acquisition in the first half of
2023, subject to the necessary regulatory approvals. Apex
Crypto, established in 2019, offers a platform for investors to transition
between trading equities and cryptocurrencies.
Its services cater to over 30 fintech firms and their customer base, providing
an integrated solution for crypto trading.
Kraken Boosts Australia Presence after Setback: Launches Derivatives Trading
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24