Bakkt

Insurance

Bakkt Announces New Insurance Coverage, Claims More Than 70 Custody Clients

Bakkt has onboarded 70 clients to its custody services, and signed a deal with insurance broker Marsh to provide customers with an optional extra $500 million of coverage.

Business  ·  18 May 2020
Bakkt

Ex-Bakkt CEO Kelly Loeffler Got $9M Payout as She Left for US Senate: Report

Senator Kelly Loeffler received the hefty payout from her husband's company, Intercontinental Exchange, as she left bitcoin company Bakkt to take up her political position.

Business  ·  7 May 2020
Bakkt

ICE Spent ‘Nearly $300M’ Helping Bakkt Acquire Loyalty Firm Bridge2

ICE spent close to $300 million acquiring Bridge2 Solutions for Bakkt, CEO Jeffrey Sprecher said in an earnings call Thursday.

Business  ·  30 April 2020
Bakkt

Bakkt CEO Mike Blandina Steps Down 4 Months After Taking Role

Mike Blandina, Bakkt’s CEO since December 2019, will be stepping down from the role, CoinDesk has learned.

News  ·  23 April 2020
Bakkt

ICE Pushes Back on Claim Ex-Bakkt CEO Dumped Stocks After Senate COVID Briefing

U.S. Senator Kelly Loeffler and her husband sold up to $3.5 million in stock after a Jan. 24 briefing on COVID-19, but ICE says the transactions were conducted by financial advisors who had no input from the two.

News  ·  20 March 2020
Payments

Bakkt Touts New Payment Integration With Starbucks

Users of the Starbucks iPhone app are now being presented with “Bakkt Cash” as a payment option.

Business  ·  16 March 2020
Funding Rounds

Bakkt Raises $300M Series B From Microsoft, Pantera

Bakkt raised $300 million from its parent firm ICE, as well as Microsoft's M12, Pantera and a number of other funds.

News  ·  16 March 2020
Bitcoin Options

Bitcoin Options Saw Record Volume of $198M Amid Recent Price Drop

Trading volume records in bitcoin’s options market were smashed on Monday as investors scrambled to hedge their positions amid the selloff.

Markets  ·  10 March 2020
CME

CME Bitcoin Futures Daily Trading Volume Hits 2020 Low – That’s a Bullish Sign

Daily trading volume in bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME) dropped to year-to-date lows on Friday.

Markets  ·  24 February 2020
Markets

Above $10K: CME Bitcoin Futures Hit 3.5-Month Highs

Bitcoin futures listed on the Chicago Mercantile Exchange rose to multi-month highs, breaking above $10,000 early Friday.

Markets  ·  7 February 2020
Bitcoin

Open Positions in Bakkt’s Bitcoin Futures Jump to Record Highs

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.

News  ·  6 February 2020
Earnings Call

ICE CEO: New Acquisition Opens Trillion-Dollar Market for Bakkt

Bakkt's pending acquisition of Bridge2 Solutions, a loyalty program marketplace, will "expand Bakkt's presence across an asset class that today spans over $1 trillion in value," says its parent firm ICE's CEO, Jeffrey Sprecher.

News  ·  6 February 2020
Applications

ICE Snaps Up Loyalty Program Provider Bridge2 to Boost Bakkt’s Consumer Play

Intercontinental Exchange, Bakkt's parent firm, has acquired loyalty services provider Bridge2 Solutions to boost Bakkt's efforts to build a consumer-focused crypto payments app.

News  ·  5 February 2020
Exchanges

Options Growth Will Ignite Innovation in the Bitcoin Market – But Not in the Way You Think

Richard Rosenblum, co-founder of GSR, points out the lackluster growth in listed options hides the real action taking place in OTC hedges.

Markets  ·  31 January 2020
CME

Literally No One Is Trading Bakkt’s Bitcoin Options

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.

Markets  ·  29 January 2020