Bakkt plans to expand to the UK, EU, Hong Kong and Australia

2023/08/17 13:20

Gavin Michael, CEO of Bakkt, stated during a conference call with Water Tower Research on Wednesday that he sees strong appeal in new custody and cryptocurrency trading clients. By expanding their client network and carefully allocating capital, Bakkt has also seen an increase in their gross profit margin. Bakkt outlined their international expansion plans, targeting the United Kingdom, European Union, Hong Kong, and Australia, and noted that cryptocurrency regulations in these countries are clearer compared to the United States.
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