Bakkt
Publicly traded digital asset manager
From Wikipedia, the free encyclopedia
Bakkt Holdings, Inc., headquartered in Alpharetta, Georgia and New York City, provides a software as a service (SaaS) and API platform for owning and trading cryptocurrency.[1] Bakkt was founded, and is 55% owned, by Intercontinental Exchange (ICE), which also owns the New York Stock Exchange.[3][4] Bakkt earns revenue from commissions for payments and purchases and sales of cryptocurrency.[5]
- July 31, 2018 (as a subsidiary of Intercontinental Exchange)
- October 15, 2021 (spinoff)
| |
| Company type | Public subsidiary |
|---|---|
| NYSE: BKKT | |
| Industry | Fintech |
| Founded |
|
| Headquarters | Alpharetta, Georgia, U.S. |
Key people | Andy Main (co-CEO) Akshay Naheta (co-CEO) Karen Alexander (CFO) |
| Revenue |  US$3.490 billion (2024) |
 US$−92 million (2024) | |
| US$−103 million (2024) | |
| Total assets | US$269 million (2024) |
| Total equity |  US$62 million (2024) |
| Owner | VPC Impact Acquisition Holdings Sponsor, LLC (2%) |
Number of employees | 559 (December 2024) |
| Parent | Intercontinental Exchange (55%) |
| Website | www |
| Footnotes / references [1][2] | |
History
2018–2020: Under ICE ownership
In August 2018, Intercontinental Exchange formed Bakkt in partnership with Boston Consulting Group (BCG), Microsoft, Starbucks, and others to create a software platform to manage digital assets.[6] Its first use cases was for trading and conversion of Bitcoin (BTC) versus fiat currencies. Kelly Loeffler served as Bakkt's CEO until her appointment to the United States Senate.[7]
In January 2019, Bakkt acquired certain assets of Rosenthal Collins Group to advance its consumer payments initiatives.[8]
In April 2019, Bakkt acquired Digital Asset Custody Company (DACC).[9]
In September 2019, after regulatory delays, Intercontinental Exchange began trading of bitcoin futures.[10][11]
In February 2020, Intercontinental Exchange acquired Bridge2 Solutions, a loyalty rewards provider, which was then contributed to Bakkt.[12]
2021–present: Publicly listed company
In October 2021, Bakkt completed a merger with VPC Impact Acquisition Holdings, a special-purpose acquisition company sponsored by Victory Park Capital and was listed on the New York Stock Exchange.[13][14]
In April 2023, Bakkt acquired Chicago-based integrated crypto trading platform, Apex Crypto.[15]
In March 2025, Akshay Naheta was appointed as the co-chief executive officer.[16]
In July 2025, the company sold its loyalty points business for $11 million.[17]