Germany’s LBBW Partners With Bitpanda to Offer Crypto Custody
Germany’s biggest federal bank (LBBW) reveals plans to offer crypto custody services in partnership with crypto exchange Bitpanda. TradFi’s global cryptocurrency adoption surge continues to gain momentum, particularly in light of the anticipation surrounding the halving of Bitcoin. Landsbank Baden-Württemberg (LBBW), the largest federal bank in Germany, announced intentions to collaborate with cryptocurrency exchange Bitpanda […]
Bakkt Reports $780M in Revenue for 2023
Bakkt cryptocurrency custody and trading platform, reveals annual revenues of $780.1 million in 2023. During the fourth quarter of 2023, Bakkt reported generating a cumulative revenue of $214.5 million. This includes net loyalty and gross cryptocurrency revenues. Gross crypto services revenues increased due to Bakkt’s acquisition of Bakkt Crypto (previously Apex Crypto), according to the […]
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 […]
Consensus 2023: How to Protect Crypto Users After FTX Fiasco
A group of experts at Consensus 2023 discussed the pros and cons of self-custody and regulation for crypto assets in the wake of the FTX collapse. In December 2022, FTX filed for bankruptcy , revealing that it had only $900 million in assets and more than $9 billion in liabilities. Sam Bankman-Fried (SBF), the founder […]
Wall Street reportedly under probe by US SEC
The United States Securities and Exchange Commission (SEC) is reportedly investigating Wall Street investment advisors who could be providing digital assets/custody to their clients without the necessary credentials. According to a Jan. 26 Reuters article citing “three persons with knowledge of the matter,” the SEC’s investigation has been ongoing for a while but picked up […]