Bakkt Expands Cryptocurrency Offering Beyond Bitcoin With Addition of Ether

Institutional clients can also use the Bakkt Warehouse for custody of ether, the company said.

Nov 5, 2021 at 3:18 p.m. UTC
Updated Nov 5, 2021 at 3:54 p.m. UTC
What to know
  • Digital asset platform Bakkt Holdings (NYSE: BKKT) will soon allow its customers to trade ether, the second-largest cryptocurrency, in addition to bitcoin, the company said in a statement Friday.
  • Bakkt also said institutional clients can opt to use the Bakkt Warehouse for custody of ether.
  • Shares of the Alpharetta, Georgia-based company, which started trading Oct. 18, rose about 4% Friday. The stock soared last month after Bakkt signed pacts with Mastercard and Fiserv for crypto payments.

UPDATE (Nov. 5, 15:28 UTC): Changes photo for something more recent.

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Michael Bellusci is CoinDesk's crypto payments reporter.