Bakkt Adds Support for DOGE, SHIB, Others to Embrace Custody Services
Cryptocurrency firm Bakkt is expanding its custody services, supporting six new coins, including Dogecoin, Shiba Inu, USDC, Litecoin, Ethereum Classic, and Bitcoin Cash. According to a November 15 announcement, cryptocurrency firm Bakkt appears to be returning to digital asset custody as its principal business, adding support for six new coins. Bakkt will extend its custodial […]
Bakkt lost more than 6% on its first day of public trading
In its first day of trading in the open market, the price of Bakkt (BKKT) fell by more than 6 percent. When Bakkt (BKKT), an institutional and retail-facing digital asset platform established by the Intercontinental Exchange, closed its tumultuous first day of trading as a publicly traded business, the stock experienced a -6.4 percent drop […]
Bakkt will soon trade publicly on the New York Stock Exchange
Intercontinental Exchange’s (ICE) digital asset management arm, Bakkt Holdings, has announced that it would begin trading on the New York Stock Exchange on October 18. A merger with VPC Impact Acquisition Holdings, a Chicago-based special purpose acquisition business, resulted in the Bakkt ticker’s public listing . According to an official announcement, the merger was approved […]
Bakkt partners with Quiznos to enable BTC payments for services rendered
The new partnership between Bakkt and Quiznos will enable customers at Quiznos restaurant in Colorado to pay for meals using Bitcoin. According to a public announcement released on Tuesday, customers will be able to pay with BTC at select Quiznos locations in Colorado’s capital as part of an initial test run. Starting in mid-August, the […]
Bakkt exchange launches its crypto debit card
The Bakkt Visa debit card, which is praised for allowing users to “exploit digital assets in their day-to-day lives,” is now accessible for online and in-store purchases. Bakkt, a subsidiary of the Intercontinental Exchange, has launched a debit card that allows clients to make retail purchases using cryptocurrency. Bakkt announced on Tuesday that it has launched a totally virtual Visa debit card that could be used both online and in stores. Cardholders can spend Bitcoin (BTC) directly from their Bakkt accounts without having to wait for the cryptocurrency to be converted to fiat currency. “Imagine a Bitcoin user who sees a significant gain,” said Bakkt CEO Gavin Michael. “Now, instead of selling and waiting to transfer to a bank, they can simply walk into their favorite store, tap their Bakkt Card and buy that new item they’ve been eyeing […] the Bakkt Card untethers Bitcoin […]