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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.

By Michael Bellusci
Updated May 11, 2023, 7:06 p.m. Published Nov 5, 2021, 3:18 p.m.
Bakkt Holdings, Inc. (NYSE: BKKT) Rings The Closing Bell® The New York Stock Exchange welcomes executives and guests from Bakkt Holdings, Inc. (NYSE: BKKT), today, Friday, October 22, 2021, in celebration of its recent listing and merger with VPC Impact Acquisition Holdings. To honor the occasion, Gavin Michael, CEO of Bakkt, joined by NYSE President Stacey Cunningham, rings The Closing Bell®. Photo Credit: NYSE
Bakkt Holdings, Inc. (NYSE: BKKT) Rings The Closing Bell® The New York Stock Exchange welcomes executives and guests from Bakkt Holdings, Inc. (NYSE: BKKT), today, Friday, October 22, 2021, in celebration of its recent listing and merger with VPC Impact Acquisition Holdings. To honor the occasion, Gavin Michael, CEO of Bakkt, joined by NYSE President Stacey Cunningham, rings The Closing Bell®. Photo Credit: NYSE
  • 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.

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Michael Bellusci

Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.

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