Bitcoin exchange Bakkt agrees merger, will become publicly listed on NYSE

posted 3 months ago
Bitcoin exchange Bakkt has inked a business combination deal that will result in the Intercontinental Exchange subsidiary becoming a publicly traded company.

Bakkt is merging with an arm of Victory Park Capital and will be called "Bakkt Holdings" and will be listed on the New York Stock Exchange with an expected valuation of $2.1 billion. Gavin Michael, former head of technology of Citi’s Global Consumer Bank, is joining Bakkt as CEO with effect from today.
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