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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.
- 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.
Read More: Google Pay to Support Bakkt Debit Card
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UPDATE (Nov. 5, 15:28 UTC): Changes photo for something more recent.
Michael Bellusci
Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.
