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Bakkt launches payments app as institutions compete for crypto assets

Published 03/31/2021, 09:39 PM
Updated 03/31/2021, 11:20 PM
Bakkt launches payments app as institutions compete for crypto assets

Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public.

Bakkt was launched by Intercontinental Exchange (NYSE:ICE) in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is the firm’s first retail-facing crypto initiative.

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