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Bakkt Q2 Revenue Jumped By 60% YoY: Report

Digital asset platform, Bakkt Holdings, which is majority-owned by Intercontinental Exchange (ICE), generated quarterly net revenue of $13.6 million, an increase of 60% year over year (YoY). Despite the bearishness in the market, Bakkt managed to trim its net loss to $27.6 million in the second quarter of the year, as per its latest financial report. This is an almost 13% upswing compared to the $31.9 million loss that it had registered during the same period last year. Due...

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BlockchainCom Negotiates IPO Terms With Banks to Go Public in 2022: Report

Another cryptocurrency company with aspirations to become a publicly-traded firm on Wall Street – BlockchainCom – has confirmed its initial plans that it aims to do so by the end of 2022. Ever since Coinbase set up the trend in April last year, the number of crypto-related organizations indicating plans to go public has soared. Bakkt, eToro, Core Scientific, PrimeBlock, and even Circle are some of the examples. BlockchainCom’s Chief Financial Officer – Macrina Kgil –...

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Bakkt Signs Deal to Allow American Bank Customers Buy/Sell Cryptocurrencies

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Bakkt and Valliance Team Up to Offer Banking Customers Crypto

More and more customers of traditional banks and financial institutions are seeking ways to retain their monetary freedom and find new methods of investing. Crypto’s popularity is growing steadily every day, and there are now several banks seeking to provide their clients with ways of garnering crypto and adding digital assets to their portfolios. The latest bank to join this list is Valliance, which has chosen Bakkt as the official institutional platform that will grant...

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Valliance Bank Partners With Bakkt to Enable Cryptocurrency Exposure

Digital asset platform Bakkt Holdings has teamed up with Valliant Bank, an institution that provides financial services, to bring a seamless crypto experience to the bank’s customers. According to a press release on Monday (February 14, 2022), Valliant Bank would enable customers to easily buy, sell, and hold bitcoin (BTC), ether (ETH), and other altcoins within the bank’s digital banking infrastructure via the Bakkt crypto connect solution. Bakkt’s program, which is...

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Shares of Digital Asset Management Platform Bakkt Correct 90% in Three Months after Launch

While Bakkt faces 90% erosion in its market cap, the company spokesperson confirms that they are well capitalized for their long-term plans.While cryptocurrency prices have plummeted severely over the last two months, crypto asset management platform Bakkt (NYSE: BKKT) has witnessed a deeper correction in its stock price. Shares of Bakkt Holdings Inc (BKKT) are down by more than 90% since October 2021.While the BKKT stock was trading above $40 by October end, it was available under $4.0 last...

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Bakkt Shares Down 90% Since October Launch Despite Numerous Partnerships

Bakkt – a digital asset management platform – has seen its shares plummet since going public in October. Trading at over $40 on October 29th, its stock is now as cheap as $3.96 on the NYSE. Down Alongside Crypto According to Google Finance, Bakkt’s stock peaked following its public listing on October 18th. It had tripled its value within a week from $8.76 to $30.60 by the 25th. After about another week, its price surged again on October 31st, touching $42.52. Bakkt’s listing...

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Nexo Tapped Bakkt as its Cryptocurrency Custodian Partner

The cryptocurrency lending platform – Nexo – joined forces with the Nasdaq-listed digital asset company – Bakkt Holdings. As a result, the latter will custody a portion of Nexo’s Bitcoin and Ethereum holdings in the Bakkt Warehouse. Bakkt’s Newest Partnership The Bakkt Warehouse comprises both online (“warm”) and offline (“cold”) digital asset storage. The company balances between the two tiers to minimize risks associated with cryptocurrency custody services. In a recent...

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Nexo Partners with Bakkt to Get Support for Bitcoin and Ethereum Custodial Solutions

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...

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