In its Q4 2022 report, fintech Bakkt also revealed plans to tie up its acquisition of crypto exchange Apex Crypto.
Bakkt (NYSE: BKKT) posted its Q4 2022 earnings, revealing a revenue haul of $15.6 million. Although this figure came in slightly below the consensus estimate of $16 million, it nonetheless represents a 14% AdjustedBakktEarningsResultRevealWorsethanExpected Read More
Digital asset platform Bakkt has announced its plans to shift its focus to B2B technology solutions. The company said it will soon be sunsetting its consumer-facing app, which was designed to give users the ability to utilize their digital assets in different ways. The app, launched in March 2021, offered AppB2BBakktConsumerFacingCryptoFocussolutionsSunsets Read More
Investors appear to be favoring more regulated and transparent platforms.
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Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals.”
Bakkt to Expand Client AcquiresApexAssetBakktBitcoinbolsterCryptocryptoexchangeDigitalExchangesFootprintNewsPlatformTurnkey Read More
Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55 million at the closing of the deal. The transaction will AcquireApexAssetBakktCryptoDigitalPlatformSet Read More
Crypto platform Bakkt has appointed two female board members to bolster its diversity in an industry that is dominated by men.
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The digital asset platform said it plans to spend $150 million to $170 million this year in future growth initiatives, including expanding its crypto offerings.
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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 AssetBakktCorrectDigitalLaunchManagementMonthsPlatformShares Read More