Bakkt Expands Cryptocurrency Offering Beyond Bitcoin With Addition of Ether

The Bakkt Warehouse is now available to institutional clients for custody of ether, the company said.

Nov 5, 2021 at 3:18 p.m. UTC
Updated Dec 28, 2021 at 6:09 p.m. UTC

Michael Bellusci is CoinDesk's crypto payments reporter.

  • 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.


Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto payments reporter.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto payments reporter.

Trending

1
CoinDesk - Unknown
First Mover Asia: Bitcoin Dominates but Altcoins Lurk

Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.

Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.

CoinDesk - Unknown
2
CoinDesk - Unknown
NEAR Protocol

CoinDesk - Unknown
3
CoinDesk - Unknown
MOBOX

CoinDesk - Unknown
4
CoinDesk - Unknown
Moonriver

CoinDesk - Unknown