Bakkt

Search for a tag

CryptoCurrency

NYSE Parent’s Crypto Platform Bakkt Considers Potential Sale: Report

The platform is considering a potential sale or a breakup.
It generated $855 million in the first three months of 2024 but had a loss of $21 million.

Monday, 10/06/2024 | 06:57 GMT by Arnab Shome

CryptoCurrency

Bakkt “Alleviates” from Existence Woes: Ends 2023 with $780M in Revenue

The company narrows its net annual losses 89 percent.
Its acquisition of Bakkt Crypto (formerly Apex Crypto) was a success as it became a key revenue generator.

Tuesday, 26/03/2024 | 10:04 GMT by Arnab Shome

CryptoCurrency

Bakkt Runs Low on Cash: Raises Concerns on Its Existence

With the expected burn rate, it might not be able to survive the next 12 months.
A Bakkt spokesperson confirmed the company’s plans to sell $150 million of securities.

Thursday, 08/02/2024 | 06:16 GMT by Arnab Shome

CryptoCurrency

Bakkt Expands Crypto Capabilities into International Markets

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.

Friday, 10/11/2023 | 14:05 GMT by Tareq Sikder

Retail FX

News Nuggets | 31 July: New Zealand's FMI Standards; ICE Delists Bakkt's Contracts

The resignation of the CEO of Capital as well as a former Aussie investment manager charged with fraud.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.

Monday, 31/07/2023 | 09:56 GMT by Finance Magnates Staff

CryptoCurrency

Bakkt Aims Fintech Expansion with a $200 Million Acquisition Deal

The company signed a definitive agreement to acquire Apex Crypto.
The deal is expected to close in the first half of 2023.

Friday, 04/11/2022 | 09:28 GMT by Arnab Shome

CryptoCurrency

Around 50% of Workers Prefer to Receive Part of Their Income in Crypto

The study was done by Bakkt Holdings.
The report was performed during the peak of crypto volatility between mid-June and July.

Wednesday, 27/07/2022 | 17:24 GMT by Felipe Erazo

CryptoCurrency

American Bank Taps Bakkt Crypto Connect Solution for New Offerings

In Q2 of 2022, Bakkt is expected to launch its crypto connect solution.
Valliance Bank partnered with Bakkt Holdings, Inc. in February.

Wednesday, 06/04/2022 | 21:23 GMT by Felipe Erazo

CryptoCurrency

Valliance Bank Taps Bakkt to Provide Crypto Trading Services to Customers

The partnership expands Valliance Bank’s offerings to include crypto services.
Many banks have joined the Bakkt crypto connect solution.

Tuesday, 15/02/2022 | 07:07 GMT by Nicholas Otieno

CryptoCurrency

Nexo Taps Bakkt for Crypto Services

Nexo partners with Bakkt.
Nexo will use Bakkt’s Warehouse to safeguard its customers’ crypto assets.

Wednesday, 19/01/2022 | 14:28 GMT by Nicholas Otieno

Investing

Manasquan Bank Taps Bakkt to Offer Crypto Services to Customers

Manasquan Bank customers will soon be able to buy cryptos from bank accounts.
Bakkt will facilitate crypto access to Manasquan customers.

Wednesday, 22/12/2021 | 07:34 GMT by Nicholas Otieno

News

Bakkt Enables Ethereum Offering on Its App

According to a survey, nearly half of the respondents in the US acquired some form of crypto in 2020.

Friday, 05/11/2021 | 16:17 GMT by Felipe Erazo

News

Bakkt Announces Its New Visa Debit Card

The brand-new Visa debit card is issued by Sutton Bank.

Tuesday, 22/06/2021 | 21:23 GMT by Felipe Erazo

News

Bakkt Enables Users to Send Bitcoin, Gift Cards and Cash from Its App

The P2P-based app is available in the Google Play Store and the App Store.

Tuesday, 15/06/2021 | 17:45 GMT by Felipe Erazo

Regulation

Bakkt Receives BitLicense from New York State Regulator

It became the 29th company to receive the state crypto license.

Thursday, 11/03/2021 | 18:25 GMT by Arnab Shome

News

BlackRock Greenlights Two Associated Funds to Invest in Bitcoin

BlackRock has added cash-settled bitcoin futures to derivatives products it can invest in.

Wednesday, 20/01/2021 | 20:37 GMT by Aziz Abdel-Qader

News

Crypto Exchange Bakkt Plans Public Listing with SPAC Merger

The merged entity might see a valuation of over $2 billion.

Friday, 08/01/2021 | 08:24 GMT by Arnab Shome

News

Bakkt Bitcoin Futures Daily Volume Nears $200 Million

The demand is still low compared to its CME Group’s offering.

Wednesday, 16/09/2020 | 13:18 GMT by Arnab Shome

Executive Moves

Former Bakkt Security Head Adam Healy Joins BlockFi

He is a well-known security expert in the crypto industry.

Tuesday, 16/06/2020 | 13:00 GMT by Arnab Shome

News

Bakkt, Galaxy Digital Partner Extending BTC Services to Institutions

Institutional demand for Bitcoins is skyrocketing recently.

Thursday, 11/06/2020 | 06:32 GMT by Arnab Shome

News

Bakkt Secures Its Bitcoin Custody with a $500M Insurance Policy

Over 70 institutional clients are now utilizing Bakkt’s custody services.

Tuesday, 19/05/2020 | 07:25 GMT by Arnab Shome

News

Senator Kelly Loeffler Got $9 Million Exit Payout from Bakkt

The company policies were altered to let her keep the full compensation.

Thursday, 07/05/2020 | 12:11 GMT by Arnab Shome

Executive Moves

FX Veteran Brian Ager Joins BTIG

He held senior roles at Rosenthal Collins Group, RBC, and Citi before joining the US-based brokerage firm.

Wednesday, 06/05/2020 | 10:59 GMT by Finance Magnates Staff

News

Ex-Bakkt CEO Accused of Insider Trading

Senator Kelly Loeffler and her husband dumped millions in stocks before the market tanked.

Friday, 20/03/2020 | 07:49 GMT by Arnab Shome

News

Bitcoin Option Volumes Hit Fresh Records, Bakkt Saw Zero Turnover

Skew data also shows that Panama-based crypto platform Deribit continues to maintain its dominance in BTC options space.

Tuesday, 10/03/2020 | 17:24 GMT by Aziz Abdel-Qader

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}