Who is the CEO of Bakkt?

© Provided by Yahoo Finance US Gavin Michael, CEO of Bakkt, speaks with Specialist Gennaro Saporito during the listing of Bakkt on the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021. REUTERS/Brendan McDermid

What does Bakkt holdings do?

The company was formerly known as VPC Impact Acquisition Holdings and changed its Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions.

What is Bakkt's business model?

More recently, Bakkt has begun expanding its business model beyond its core crypto exchange and custodial services for institutions. The very diverse emerging business model of Bakkt extends its reach into a number of high-growth industries.

Who owns Bakkt bitcoin?

Bakkt is owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). ICE then offers a Bakkt-branded Bitcoin futures product. This is where traders are able to bet on the rising or falling price of Bitcoin. All the Bitcoin used to back the trades is stored in Bakkt's secure custody.