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.
โWe 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,โ 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.
โWe 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,โ 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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
๐ฅCatch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
๐ฅCatch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 โ 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 youโre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
๐ Don't miss out โ 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
๐ฃ 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:
๐ LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
๐ Facebook: https://www.facebook.com/FinanceMagnatesEvents
๐ธ Instagram: https://www.instagram.com/fmevents_official
๐ฆ Twitter: https://twitter.com/F_M_events
๐ฅ TikTok: https://www.tiktok.com/@fmevents_official
โถ๏ธ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 โ 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 youโre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
๐ Don't miss out โ 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
๐ฃ 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:
๐ LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
๐ Facebook: https://www.facebook.com/FinanceMagnatesEvents
๐ธ Instagram: https://www.instagram.com/fmevents_official
๐ฆ Twitter: https://twitter.com/F_M_events
๐ฅ TikTok: https://www.tiktok.com/@fmevents_official
โถ๏ธ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!