Bakkt will trade on the NYSE under BKKT on Monday after a merger with VPC Impact Acquisition Holdings. Cryptocurrency platform Bakkt will begin trading as a public company on the New York Stock Exchange on Monday, according to its owner, the Intercontinental Exchange.
Bakkt was launched in 2018 by the Intercontinental Exchange (the parent company of the New York Stock Exchange) as a crypto custodian: it holds Bitcoin safely in cold storage for big investors. Bakkt said in January that it was planning to go public. At the time, sources valued the Bitcoin company at over $2 billion.
Just last week Bakkt announced it had partnered with Google to allow users to spend crypto with the Bakkt Visa debit card at the millions of merchants that use Google Pay around the world.
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