
Haruko Taps Stacks to Bring Crypto Services to Institutional Investors
The Stacks-Haruko alliance is the latest push towards the integration of traditional finance and DeFi, a move that is fast becoming a trend.
The Stacks-Haruko alliance is the latest push towards the integration of traditional finance and DeFi, a move that is fast becoming a trend.
In order to take advantage from institutional investors, Bakkt has launched the BakktX, a revolutionary type of electronic communication network (ECN) designed specifically for institutional crypto trading.
Exodus Movement comes off as the only company in the United States with its common stock tokenized on the blockchain.
Bakkt announced that the US SEC approved its universal shelf registration in Form S-3 to raise up to $150 million in several offerings over the next three years.
According to Bakkt, all hope is not lost though. The firm has put forward a new plan that it believes will set it right back on the path to success.
For the near future, Bakkt is also eyeing expansion in the UK and Australian markets.
Bakkt added support for Dogecoin (DOGE), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB), and USD Coin (USDC), giving traders more options to invest in.
In its Q4 2022 report, fintech Bakkt also revealed plans to tie up its acquisition of crypto exchange Apex Crypto.
Two years after launching its app, Bakkt has said it will no longer be available as of the 16th of March, 2023.
The deal between Bakkt and Apex Crypto is still subject to regulatory approval.
As per the deal, Bakkt will allow American Bank customers to buy, sell, and hold the two biggest digital assets – Bitcoin and Ethereum.
The CEO of Galaxy Digital is optimistic about the continued use of bitcoin as a hedge against deteriorating fiscal stewardship.
While Bakkt faces 90% erosion in its market cap, the company spokesperson confirms that they are well capitalized for their long-term plans.
Along with cryptocurrency custody, Bakkt will also offer balance reshuffling facility to Nexo users to mitigate risks.
Adam White participated in Bakkt’s launching from the very beginning. Under his reign, the company has achieved a lot. In his role, White was focusing on digital asset markets, custody, and trading, as well as Bakkt’s strategic direction.