Not-yet-launched Bakkt crypto exchange valued at $740M

posted 5 months ago
Bakkt, ICE’s yet-to-launch crypto exchange, is being valued at $740 million following its Series A funding round. Notably, the exchange had raised $182 million last year, pitching a futures trading platform geared at institutions.

Bakkt’s proposed fee of $0.50 per contract is relatively small, some equating it to less than 1 basis point. The next cheapest US trading option is currently at 8 basis points.
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