Tag Archives: Bakkt

Bakkt to Become Publicly Traded With $2.1B Valuation Via Merger

Bakkt to Become Publicly Traded With $2.1B Valuation Via Merger

Bitcoin exchange Bakkt has inked a business combination deal that will result in the Intercontinental Exchange subsidiary becoming a publicly traded company. According to an announcement Monday, the agreement will see Bakkt merge with VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by Victory Park Capital. The combined company will be called “Bakkt Holdings” and […]

Pantera Tells SEC Its Crypto Fund Has Raised Nearly $165M

Pantera Tells SEC Its Crypto Fund Has Raised Nearly $165M

Institutions and the well-heeled have poured millions of dollars into a Pantera Capital fund, helping it more than double in size since it launched in 2018. The Pantera Venture Fund III has received $164.7 million in private placements from just under 200 investors, according to a Form D filing with the U.S. Securities and Exchange Commission (SEC) […]

Binance Will Soon Reward Market Makers for Providing Futures Liquidity

Binance Will Soon Reward Market Makers for Providing Futures Liquidity

Cryptocurrency exchange Binance is adjusting its fee structure to get market makers to add liquidity on its futures platform. Under the revised Binance Futures Market Maker Program, market makers will receive a negative fee for selected trading pairs, according to an official announcement on Monday. A “market maker” is a user who adds liquidity, or buying and selling […]

2019: The Year Washington, Silicon Valley and Beijing Faced Off Over Crypto

2019: The Year Washington, Silicon Valley and Beijing Faced Off Over Crypto

2019 has been a historic year for cryptocurrency and blockchain technology.  Global state leaders such as President of the People’s Republic of China Xi Jinping and the President of the United States Donald Trump have made public statements addressing the dynamics of this revolutionary tech. Traditional tech companies such as messaging app giant Telegram and social media giant Facebook have made bold promises […]

Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds. Launched Tuesday, the funds are designed for accredited institutional investors with standard tax documentation and client service support. The Galaxy Bitcoin Fund requires a $25,000 minimum investment with optional quarterly redemptions. The Galaxy Institutional Bitcoin Fund requires higher minimums […]

Bakkt now plans to offer cash-settled bitcoin futures; looking to beat rival CME Group

Bakkt now plans to offer cash-settled bitcoin futures; looking to beat rival CME Group

Bakkt, a provider of physically-settled bitcoin futures contracts, is now planning to offer a cash-settled version of the product due to customer demand. “We have the intention of offering a cash-settled contract as well,” Bakkt chief operating officer Adam White told at the Invest: NYC conference on Tuesday. Bakkt, a subsidiary of Intercontinental Exchange (ICE), the parent […]

Bakkt Opens Bitcoin Custody to All Institutions, Futures on Track for New ATH

Bakkt Opens Bitcoin Custody to All Institutions, Futures on Track for New ATH

The Bakkt platform has just announced that it will now allow any institutions to use its Bitcoin custody solution. Previously, only those trading the platform’s Bitcoin futures contracts had access to the Bakkt Warehouse. The news comes as Bakkt futures look on track to set another all-time high. After a rather dismal start to trading on the […]

CME Reveals Details of Upcoming Bitcoin Options Contracts

CME Reveals Details of Upcoming Bitcoin Options Contracts

CME Group has just published the specifications for its upcoming bitcoin options contracts. The Chicago exchange revealed Wednesday that each contract would be based on one of CME’s bitcoin futures contracts (which in turn consists of five bitcoin); the contracts would be quoted in U.S. dollars per bitcoin with a tick size of $25 (or $5 for […]