# Intercontinental Exchange sells Coinbase stake for .2B

# Intercontinental Exchange sells Coinbase stake for $1.2B

“# Intercontinental Exchange sells Coinbase stake for $1.2B ” Intercontinental Exchange, the operator of the New York Stock Exchange and the owner of Bakkt digital asset platform, has sold its 1.4% stake in the newly Nasdaq-listed cryptocurrency firm Coinbase. Announcing the news Thursday on a financial results call for the first quarter of 2021, ICE…

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# Bakkt launches payments app as institutions compete for crypto assets

# Bakkt launches payments app as institutions compete for crypto assets

“# Bakkt launches payments app as institutions compete for crypto assets ” Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public. Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is…

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# New York grants Bakkt coveted BitLicense

# New York grants Bakkt coveted BitLicense

“# New York grants Bakkt coveted BitLicense ” Bakkt has become the latest crypto firm to get a BitLicense. This morning, the New York Department of Financial Services announced that Bakkt had become the 29th BitLicensee. First granted to Paxos in 2015, the BitLicense is New York’s program for regulating virtual currency firms. With it, Bakkt…

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# Bakkt has no plans to support XRP, says CEO

# Bakkt has no plans to support XRP, says CEO

“# Bakkt has no plans to support XRP, says CEO ” Bakkt, one of the biggest cryptocurrency companies in the United States, will not support XRP as part of its further product development, according to the CEO. On Jan. 11, Bakkt CEO Gavin Michael sat down with the Axios Re:Cap podcast to discuss the mainstream adoption of…

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# Bakkt may go public through rumored B merger

# Bakkt may go public through rumored $2B merger

“# Bakkt may go public through rumored $2B merger ” Bakkt, the cryptocurrency trading platform majority-owned by Intercontinental Exchange, is rumored to be deep in discussions to go public through a merger with VPC Impact Acquisition Holdings. On Jan. 7, Bloomberg published a story citing anonymous sources “with knowledge of the matter” who claimed Bakkt…

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