Bakkt
Coverage of Bakkt in the Nexus archive.
- ICE and OKX Form Joint Venture to Connect NYSE Infrastructure With 120 Million Crypto Users
Intercontinental Exchange (ICE) and OKX announced a 50/50 joint venture to connect NYSE infrastructure with OKX's 120 million crypto users, enabling access to ICE futures markets and tokenized equities. The venture, pending regulatory approval, will operate as a U.S.-registered broker-dealer and futures commission merchant, leveraging ICE's market infrastructure and OKX's blockchain technology.
- Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1
Bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million due to lower crypto trading volumes. The company is pivoting into stablecoin infrastructure. Revenue has significantly decreased compared to previous periods.
- Bakkt completes acquisition of stablecoin payments firm Distributed Technologies Research
Bakkt has completed the acquisition of stablecoin payments firm Distributed Technologies Research, a deal initially announced in January involving 9.3 million shares. The acquisition also includes a corporate name change to Bakkt Inc.