Bakkt Holdings, Inc. has formally revised its corporate investment policy to include Bitcoin (BTC) and other digital assets. The company’s Board of Directors approved the update to align with its long-term strategic objectives. This move reinforces Bakkt’s commitment to growth in the evolving digital asset space. Bakkt to Add Bitcoin to Treasury Bakkt will now […]
Bakkt
Bakkt’s Bold Move: SEC Clearance Paves The Way For $150 Million Capital Raise
Bakkt Holdings, one of the leading firms in the crypto space, recently took a major step forward with SEC approval of its “universal shelf” registration statement on Form S-3 on 14th February 2024. With this key milestone, Bakkt is allowed to solicit up to $150 million either through one or more offerings within three years […]
Bakkt Pivots To Digital Asset Custody
Bakkt, the prominent digital exchange marketplace, is making a significant shift toward digital asset custody as its primary business focus, as indicated by an announcement on November 15. This is evident by the recent announcement of adding support for six new coins, emphasizing its commitment to expanding custodial services. Bakkt aims to expand its portfolio […]
Bakkt Boosts Portfolio: Litecoin Joins Elite Six, LTC Holds Above $70
Litecoin (LTC) announced its inclusion in Bakkt’s relaunched enhanced custody platform, Bakkt Custody. Bakkt, a leading trading and custody services provider, revealed plans to expand its footprint by entering nine new international markets by the year-end. Bakkt Holdings officially disclosed the relaunch of its Bakkt Custody platform on November 15, 2023. The updated platform boasts […]
Bakkt Takes A Delisting Dive: Solana, Polygon, & Cardano Tokens Out of the Picture: Report
Bakkt, the New York-based digital assets platform, has decided to delist three major cryptocurrencies: Solana (SOL), Polygon (MATIC), and Cardano (ADA). The move comes as Bakkt seeks more clarity regarding regulatory compliance for offering a broader range of coins. The decision follows recent lawsuits filed by the Securities and Exchange Commission (SEC) against Binance and Coinbase, accusing […]
Bakkt concludes merger; All set to become a Publicly traded firm
Bakkt LLC, the prominent digital exchange marketplace has announced the completion of the merger with VPC Impact Acquisition Holdings [VIH]. The move would help the platform to transition into a publicly listed firm from October 18 this year. Along the same lines, the founding company, Intercontinental Exchange [ICE], revealed that the latest announcement would enable […]
Bakkt inks partnership with Google: More Details
Google has announced joining hands with the digital exchange marketplace Bakkt to facilitate crypto-asset transactions into its network. The partnership will enable Bakkt consumers to integrate their digital cards with Google Pay for purchasing goods both online and in stores, as well as on any Google Pay-accepted platform. To process the payment, crypto-assets such as […]
Bakkt Manages To Score BitLicense From The State Of New York
New York, has been a tough nut to crack for cryptocurrency platforms. Bakkt, however, seems to have cracked this by securing the BitLicense. Several crypto firms across the globe have been leaving the United States due to the uncertain regulatory clarity in the country. Ripple’s latest fallout with the Securities and Exchange Commission of the […]
Bitcoin Futures Open Interest Skyrockets To $13B; CME Tops Chart
Bitcoin continued to break new records as it oscillated back and forth a little below $40k. Following the price recovery in the spot market, optimism was also noted across the derivatives sector. According to the latest stats compiled by Skew Analytics’ data dashboard, aggregated open interest [OI] in Bitcoin futures across the 12 biggest cryptocurrency […]
Bakkt Reportedly Intends To Go Public With $2 Billion Merger
Back in 2019, the Intercontinental Exchange [ICE] rolled out Bitcoin derivative services that included futures and options through Bakkt. The cryptocurrency exchange saw immense traction back in the day and is reportedly prepping to go public. Bakkt To Team Up With VPC Impact Acquisition Holdings Over the course of the last two years, Bakkt made […]