Where does Bakkt store bitcoin?

All the Bitcoin used to back the trades is stored in Bakkt's secure custody. Bakkt is owned by the Intercontinental Exchange. Image: Shutterstock. So, Bakkt looks after the Bitcoin on behalf of ICE, which enables institutional investors to speculate on it in the form of futures trading.

Is Bakkt a good crypto trading platform?

Bakkt is a crypto trading platform with serious clout behind it. The company is backed and supported by the Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE). It hopes to rival giants like Robinhood and Coinbase by adding popular features, rewards programs, and Venmo-like payment services that most exchanges lack.

Who is Bakkt?

Bakkt is a new company from the Intercontinental Exchange (ICE), the organization that owns and operates the New York Stock Exchange. ICE has significant experience operating security exchanges and already owns a number of exchanges around the world. Institutional money is coming!

Is Bakkt going public?

Bakkt, the crypto futures trading exchange backed by ICE, is going public at a $2.1 billion valuation. Bakkt was started as a trading platform for Bitcoin futures and options but has since pivoted to developing consumer applications for digital assets. Started in 2019, Bakkt was initially a trading venue for trading Bitcoin futures and options.