Bakkt

Bakkt Holdings, Inc., headquartered in Alpharetta, Georgia and New York City, provides a software as a service and API platform for owning and trading cryptocurrency. Bakkt was founded, and is 55% owned, by Intercontinental Exchange, which also owns the New York Stock Exchange. Bakkt earns revenue from commissions for payments and purchases and sales of cryptocurrency.

History

In August 2018, Intercontinental Exchange formed Bakkt in partnership with Boston Consulting Group, Microsoft, Starbucks, and others to create a software platform to manage digital assets. Its first use cases was for trading and conversion of Bitcoin versus fiat currencies. Kelly Loeffler served as Bakkt's CEO until her appointment to the United States Senate.
In January 2019, Bakkt acquired certain assets of Rosenthal Collins Group to advance its consumer payments initiatives.
In April 2019, Bakkt acquired Digital Asset Custody Company.
In September 2019, after regulatory delays, Intercontinental Exchange began trading of bitcoin futures.
In February 2020, Intercontinental Exchange acquired Bridge2 Solutions, a loyalty rewards provider, which was then contributed to Bakkt.

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.
In April 2023, Bakkt acquired Chicago-based integrated crypto trading platform, Apex Crypto.
In March 2025, Akshay Naheta was appointed as the co-chief executive officer.
In July 2025, the company sold its loyalty points business for $11 million.