Bakkt Announces Expansion Of International Footprint And Custody Client Base
Portfolio Pulse from Benzinga Newsdesk
Bakkt Holdings, Inc. (NYSE:BKKT) plans to expand its crypto capabilities into Latin American, European, and Asian markets by the end of 2023. The company will partner with Hapi, a stock trading platform, and 3.0verse, a crypto app. Bakkt also plans to join EDX Markets' clearing house and custodial network. Despite recent share price volatility, Bakkt expects an increasing share of its revenue to come from subscription-based annual recurring revenue.
November 09, 2023 | 8:44 pm
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Bakkt's expansion into international markets and partnerships with Hapi and 3.0verse could potentially increase its revenue and customer base, which may positively impact its stock price.
Bakkt's expansion into new markets and partnerships with Hapi and 3.0verse could increase its customer base and revenue. This could lead to increased investor confidence and a potential rise in its stock price. However, the company's recent share price volatility and the uncertainty of the crypto market could pose risks.
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