Bakkt stock (NYSE: BKKT) has skyrocketed after it announced it is partnering with two financial giants; MasterCard and Fiserv.
To help stock traders eying to invest in the Bakkt stock, Invezz has created a brief article on what it is and the best places to trade it.
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Bakkt stock is the stock of the BKKT Bakkt Holdings Inc. which is the company behind Bakkt cryptocurrency exchange, and it trades on the New York Stock Exchange under the symbol NYSE: BKKT.
Bakkt exchange started as an institutional-only crypto exchange and later embraced individual investors by launching an app to allow people to manage their digital assets.
It was listed on October 18, 2021, becoming the second crypto exchange to become publicly listed after Coinbase.
If you are looking for a stock that is on the rise, then BAKKT is a good option. It has been on the rise since yesterday and the partnership could propel it higher in the coming months.
Bakkt’s partnership with the two digital payments heavyweights will go a long way in exposing businesses and consumers to cryptocurrencies through Bakkt.
That is expected to thrust Bakkt into the forefront among crypto exchanges. This is expected to lead to higher revenues for the exchange which will translate to higher stock prices.
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