Crypto platform Bakkt to go public through a SPAC
Intercontinental Exchange’s Bakkt plans to roll out an app for trading and making payments
11 January 2021 - 18:34
Cryptocurrency platform Bakkt, which is majority-owned by Intercontinental Exchange, plans to go public through a merger with blank-cheque firm VPC Impact Acquisition Holdings.
The deal values Bakkt at about $2.1bn, according to a statement on Monday. Gavin Michael, the former head of technology for Citigroup’s global consumer bank, will join Bakkt as its CEO. ..
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