Bakkt Holdings, Inc. (NYSE: BKKT) announced plans to expand its crypto business to a number of international markets by the end of the year, including both existing and newly signed customers.
Latin American Markets: Longtime customers of Bakkt and stock trading platform Hapi have recently further expanded cryptocurrency trading capabilities in Latin America, expanding to Mexico and Argentina, with a planned launch in Brazil by the end of 2023.
European Market: Bakkt and Hapi are expected to launch in Spain by the end of 2023. In addition, Bakkt will also provide cryptocurrency trading and custody services for the crypto application 3.0verse in the UK and EU, which is planned to be launched by the end of the year.
Asian Market: Bakkt will work with 3.0verse throughout Asia, including Hong Kong and Singapore.
In addition to its international expansion, Bakkt continues to do business with institutionally-backed clients within the United States.
Bakkt and EDX Markets, a digital asset marketplace for crypto-native companies and large financial institutions, have tentatively agreed that Bakkt will join EDX’s clearinghouse and custody network as a backup qualified custodian.