Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins
In terms of possessions under custody, Bakkt reported $505.7 million, a reduction of 28% over last year.Bakkts Q3 2023 revenues report. Source: Seeking AlphaTo strengthen its crypto custody arm, Bakkt is likewise developing partnerships. Among Bakkts new customers on custodial services are Bitcoin platform Unchained and LeboBTC, a crypto consulting company for institutional financiers.
Thank you for reading this post, don't forget to subscribe!
In terms of possessions under custody, Bakkt reported $505.7 million, a decline of 28% over last year.Bakkts Q3 2023 incomes report. Source: Seeking AlphaTo enhance its crypto custody arm, Bakkt is also establishing collaborations. Among Bakkts new customers on custodial services are Bitcoin platform Unchained and LeboBTC, a crypto consulting firm for institutional investors.
Related Content
- ‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
- SEC delays BTC ETF decision, Grayscale triumphs SEC, and BitBoy gets the boot: Hodler’s Digest, Aug 27 – Sept 2
- NY investment bank says ‘crypto winter is over,’ bullish outlook for Coinbase
- Futurama’s latest reboot takes aim at Bitcoin miners
- Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention