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Bakkt, however, toned down its guidance for the year. The digital asset platform now expects net revenue to grow to $57 million to $62 million during 2022, compared with its earlier guidance of $60 million to $80 million. It also expects to use $135 million to $140 million of cash
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The narrative around Bitcoin being digital gold is beginning to “hinder” the cryptocurrency industry, said Gavin Michael, CEO of crypto exchange Bakkt (BKKT), while Galaxy Digital (GLXY.TO) CEO Mike Novogratz disagreed, calling Bitcoin “ready for primetime.” Source
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Quick take:Bakkt’s Bitcoin and Crypto app is now available to those who signed up for early accessCurrent features include cash (USD) deposits/withdrawals and Bitcoin tradingMore features will be added with timeEarly users/testers have been requested to give feedbackThe Bakkt mobile app is one more giant step towards Bitcoin and crypto
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While bitcoin hit fresh three-month highs on Wednesday, open interest in monthly bitcoin futures on the Intercontinental Exchange's (ICE) Bakkt platform jumped to record highs. Open interest, or the number of open futures contracts, rose to $13 million, surpassing the previous record high of $12 million reached on Feb. 3, according
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Intercontinental Exchange (ICE), the bitcoin warehouse’s parent company, announced Wednesday it had agreed to acquire Bridge2 Solutions, a loyalty solution provider for both merchants and consumers. Bakkt, in turn, will use its funds from its ongoing Series B fundraising round to acquire Bridge2 and apply its tools to its consumer
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Trading volumes in bitcoin options listed on the Intercontinental Exchange's Bakkt platform have completely dried up, even while CME’s options product is seeing strong interest. As per Bakkt’s data, not a single bitcoin options contract was traded last week on Bakkt, withactivity last registered on Jan. 17, when 20 lots had
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In what has been seen by many in the crypto space as a win, the open interest of the Bitcoin futures platform Bakkt has reached new all-time highs. Sources indicate that this occurred yesterday and that this shows fresh inflows from new entrants into the Bitcoin marketplace. Twitter’s BakktBot has
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Bakkt, the Bitcoin (BTC) trading platform geared toward institutional investors on December 9, 2019, announced that it had launched two new digital currency products – Bakkt Bitcoin Monthly Options, and Bakkt Bitcoin (USD) Cash Settled Futures. Expanding the Crypto Product Catalogue Intercontinental Exchange’s (ICE) Bakkt said on December 9 that it will
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Bakkt’s bitcoin core (BTC) futures product saw another all-time high as the spot market price of BTC plummeted under $7,000 on Friday
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Bakkt, the bitcoin subsidiary of NYSE owner ICE, has announced the launch date and specs for its Singapore-listed, cash-delivered bitcoin futures. Source
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