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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

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Manasquan Bank and Bakkt Team Up to Provide Crypto Services

Manasquan Bank in New Jersey has chosen Bakkt Holdings, Inc. to be its partner platform in offering customers digital currency services. Manasquan Bank and Bakkt… The Perfect Pair? Manasquan Bank is a community-based mutual bank that manages nearly $3 billion in assets. The bank’s retail clients will now be able to sell, buy, and hold digital currencies through the firm’s new services, which are being initiated through Bakkt, a crypto custody enterprise designed...

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Bakkt President Adam White Announced His Departure

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Adam White Announces Departure From Bakkt 

Adam White – the 3+ year President of Bakkt – has announced that he is leaving the company. His future plans remain a mystery. White announced his upcoming departure in a tweet earlier today. He showed satisfaction with the crypto industry’s maturation from a regulatory standpoint. “Lots of work still to do here but never been more optimistic about the future,” he said. Bakkt is a digital asset manager that started by helping institutions securely hold cryptocurrencies, among...

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