Bakkt plans to launch crypto operations in new markets in Latin America, Europe and Asia by the end of the year
Bakkt Holdings, Inc. (NYSE stock code: BKKT) announced plans to expand its cryptocurrency business to many international markets, including existing and new customers, by the end of the year. Latin American market: Bakkt and stock trading platform Hapi recently further expanded their cryptocurrency trading capabilities in Latin America, expanding to Mexico and Argentina, and are expected to launch in Brazil by the end of 2023. European market: Bakkt and Hapi are expected to launch in Spain by the end of 2023. In addition, Bakkt will provide cryptocurrency trading and custody services for the crypto application 3.0verse in the UK and EU, with plans to launch by the end of the year. Asian market: Bakkt will collaborate with 3.0verse throughout Asia, including Hong Kong and Singapore. In addition to international expansion, Bakkt continues to conduct business with US-based institutional clients. Bakkt and EDX Markets (a digital asset market for crypto-native companies and large financial institutions) have preliminarily agreed that Bakkt will join EDX's clearinghouse and custody network as a backup qualified custodian.
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