Bakkt CEO Eyes Hong Kong, UK and EU for International Expansion Amid Lack of US Regulatory Clarity
07/06 10:15
Bakkt CEO Gavin Michael has revealed that the company is considering expanding internationally to countries such as Hong Kong, the UK, and parts of the EU due to the lack of regulatory clarity in the US. Michael stated that Bakkt's recent acquisition of Apex Crypto will aid in its international expansion plans, as it can use Apex's existing partnerships to expand its services. However, Bakkt has already faced regulatory hurdles, having delisted 25 tokens on its platform. Michael also noted that Bakkt is exploring the use of the Bitcoin Layer 2 Lightning Network for custody and settlement.
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