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Bakkt Projects $3T for Crypto Market Pending Their New Deal 

Bakkt projects an all-round growth with a 75% surge in revenue by 2025. This means the value will be around $515 billion with a cash-flow positive expected to take effect in 2023. On January 8, 2021, Bitcoin staged an unprecedented bull run to trade around $41,941 dominating the cryptocurrency market that was enjoying a record market cap of $1.1 trillion. The high addition of gains within a very short time coupled with the trillion market cap got some investors worried over what they claimed...

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It’s Official: Bitcoin Futures Platform Bakkt Going Public at $2.1 Billion Valuation

The Bitcoin futures platform launched in 2018 by Intercontinental Exchange (ICE) has entered into a “definitive agreement” for business cooperation that will lead to becoming a publicly-traded company with an enterprise value of over $2 billion. The company has also appointed a new CEO.Reports emerged last week suggesting that Bakkt was negotiating a strategic merger with VPC Impact Acquisitions Holdings to go public. Either company failed to deny or confirm the rumors until earlier...

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ICE-Owned Bakkt Nears Merger with Victory Park SPAC

Via this prospective merger deal, the Intercontinental Exchange (ICE)-backed Bakkt platform has joined the narrow list of blockchain and crypto-related firms eyeing a public listing.Bakkt, the cryptocurrency platform majority-owned by Intercontinental Exchange Inc (NYSE: ICE), is on the verge of completing a merger with Victory Park Special Purpose Acquisition Company (SPAC) according to a Bloomberg report citing sources familiar with the negotiations.The merger if successful will help push...

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Bitcoin Futures Platform Bakkt Reportedly Planning To Go Public at a $2 Billion Valuation

Bakkt, the Bitcoin futures platform owned and operated by Intercontinental Exchange (ICE), is reportedly planning to go public after a merger with the Chicago-based blank-check company VPC Impact Acquisition Holdings.Bakkt To Go Public?By citing “people with knowledge of the matter,” Bloomberg reported the news earlier, saying that the Bitcoin futures platform is already in talks with VPC Impact Acquisition Holdings.Should both parties indeed proceed with the deal, the sources estimated that...

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Bitcoin Surges Following News of Further Stimulus Chat

At the time of writing, the price of bitcoin has shot up by more than $300. It’s often been reported that September is a naturally bearish month for bitcoin and several other assets, but that it will usually fail to have any lasting effect on the price of the currency. It will not carry anything into the fourth quarter, and thus far, things are playing out as normal.Bitcoin Is Up Even More TodayThere is more good news in that it looks like bitcoin is becoming far more mature and much more...

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BTC Futures Trading on Bakkt Surges

It looks like Bakkt is experiencing a sudden surge in business.Bakkt Is Pulling a Few Unexpected PunchesRecently, it was reported that the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICO) was doing rather poorly as of late, having traded zero bitcoin options since mid-June. Now, more than 30 days later, that still hasn’t changed.However, the platform has witnessed a surge in bitcoin futures trading. Just last Monday alone, Coin Market Cap...

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Inconsistencies in the Bitcoin Space Are Widespread

There are several conflicting reports in the crypto world as of late. Despite the idea that bitcoin is surging like mad and is on the verge of once again striking the $11,000 range, it looks like things are very up and down otherwise for both miners and institutions.The Bitcoin Market Is Straddled with Ups and DownsRecently, Live Bitcoin News reported that Bit Farms, a cryptocurrency mining firm, is straddled with heavy debt and is struggling to repay the $20 million+ it owes by the time 2021...

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Bakkt: Rekordvolumen

Verhilft Bakkt Bitcoin zur Massenadaption? Gestern war das Handelsvolumen auf Bakkts Bitcoin-Futures-Handelsplattform so hoch wie nie. Nicht weniger als 8’619 Verträge wurde abgeschlossen. Bakkt ist die auf Kryptowährungen ausgerichtete Tochtergesellschaft der Intercontinental Exchange. Da jeder abgeschlossene Vertrag mindestens eine Bitcoin enthält, wurden gestern rund 97,5...

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Bitcoin Futures Hit New Highs as BTC Price Taps 11-Month Peak

The Intercontinental Exchange (ICE) backed Bakkt has just reported its largest single-day volumes for physically settled monthly Bitcoin futures contracts. On Monday, the figure hit a new record, trouncing the previous one. “Our Bakkt Bitcoin Futures reached a new record high of 11,509 contracts traded today – an increase of 85% from our last record-setting day,” – Bakkt tweeted. Physically-settled contracts are paid out in BTC as opposed to cash-settled ones that get delivered in USD....

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Bakkt Hasn’t Experienced Any BTC Options Trading Since Mid-June

Is it safe to say that Bakkt has been a total failure?Bakkt Really Hasn’t Amounted to MuchIt has been roughly one year since the institutional crypto trading platform came about, and one honestly wonders what it’s contributed to the space, especially when examining the latest trading figures the platform has been experiencing. For more than a month, bitcoin options have not been traded via the platform, and since June 15 of this year, the numbers for Bakkt have been stuck at a big fat zero.To...

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