Bakkt, a leading digital asset platform, was founded in 2018 by a team of experienced professionals, including Kelly Loeffler, who served as the company's CEO until 2020.
Bakkt's headquarters is located in Alpharetta, GA, a city in the northern suburbs of Atlanta.
Bakkt's mission is to provide a secure and regulated platform for consumers and institutions to buy, sell, and store digital assets, such as Bitcoin and other cryptocurrencies.
Bakkt has received significant investment from major companies, including the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).
Explore further: Bakkt News
Where Is Based?
Bakkt is based in Alpharetta, Georgia.
Bakkt History
Bakkt was formed in August 2018 by Intercontinental Exchange, with the goal of creating a platform for managing digital assets.
Kelly Loeffler served as Bakkt's CEO until her appointment to the United States Senate.
In 2019, Intercontinental Exchange's U.S.-based futures exchange and clearinghouse planned to launch a one-day physically delivered BTC contract, but this was delayed pending CFTC review and approval.
For another approach, see: Bakkt Intercontinental Exchange
Bakkt's ecosystem was expected to include federally regulated markets and warehousing, along with merchant and consumer applications.
In September 2019, Intercontinental Exchange began trading of bitcoin futures.
Bakkt acquired Chicago-based integrated crypto trading platform, Apex Crypto, in April 2023.
In November 2024, the Financial Times reported that Trump Media & Technology was closing in on a deal to buy Bakkt.
Expand your knowledge: Bakkt Ceo
Frequently Asked Questions
What is Bakkt and how does it work?
Bakkt is a platform that enables businesses to offer cryptocurrency trading and custody services to their users through secure APIs. It allows businesses to integrate crypto trading into their own platforms, giving users a seamless way to buy, sell, and hold cryptocurrencies.
Who owns Bakkt?
Bakkt is primarily owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. ICE holds a 55% stake in Bakkt, which earns revenue from cryptocurrency-related transactions.
Sources
- https://rocketreach.co/bakkt-profile_b45538e7fc90c354
- https://en.wikipedia.org/wiki/Bakkt
- https://www.ajc.com/news/business/bakkt-alpharetta-crypto-firm-that-spun-out-of-nyse-owner-faces-uncertain-future/WVB2BYUHYNBFBKEJ4GRTEV2YMM/
- https://www.investing.com/news/company-news/bakkt-appoints-new-chief-commercial-officer-93CH-3454907
- https://growjo.com/company/Bakkt
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