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What is Bakkt & how does it work?

Bakkt is a platform for institutional investors to buy, sell, and store digital assets on a global network. The idea is that Bakkt gives investors the chance to trade assets and futures based in Bitcoin the same way they would traditional currencies and commodities. Bakkt also offers warehouse storage for the safekeeping of Bitcoin.

Is Bakkt a good crypto trading platform?

Bakkt is a crypto trading platform with serious clout behind it. The company is backed and supported by the Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE). It hopes to rival giants like Robinhood and Coinbase by adding popular features, rewards programs, and Venmo-like payment services that most exchanges lack.

Who owns Bakkt?

Bakkt is owned by the Intercontinental Exchange. Image: Shutterstock. So, Bakkt looks after the Bitcoin on behalf of ICE, which enables institutional investors to speculate on it in the form of futures trading. The combination provides institutions with the chance to buy and sell digital assets in a US federally regulated environment.

What brands use Bakkt?

Its rewards and loyalty program engages brands that include Starbucks, Chipotle, Marriott Hotels and Alaskan Airlines. What Makes Bakkt Unique? Bakkt is an end-to-end regulated digital assets exchange that offers investors high levels of security when it comes to dealing in cryptocurrencies.

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