Bakkt Holdings, Inc. (NYSE: BKKT) announced recently its activation of crypto capabilities in several new international markets in Asia, Europe, North America and South America with existing clients Hapi and SogoTrade.
Bakkt and stock trading platform Hapi have reportedly “broadened their active crypto trading capabilities throughout Latin America, now live in Brazil and Guatemala, as well as Spain. This furthers their working relationship, building on already-live capabilities in Argentina and Mexico.”
Starting today, Bakkt crypto trading is also “live in Hong Kong and Singapore with digital brokerage SogoTrade.”
The companies plan to jointly launch these crypto trading capabilities “in additional international markets in the near future.”
Gavin Michael, CEO of Bakkt, said:
“International expansion remains a key priority for us in 2024. At Bakkt, we believe that crypto has the power to enhance financial inclusivity and connect communities within the global economy. Today marks an exciting new chapter, with our entry into new Asian markets like Hong Kong and Singapore, where the crypto economy is growing rapidly given recent regulatory clarity.”
In addition to countries mentioned above, Bakkt continues to “work diligently to activate in the UK and Australia with current and new clients, as announced in the company’s Q32023 earnings.”
Michael added:
“We’re excited about what these regions have to offer, and our ability to make crypto more accessible to millions of people. Executing for our clients is of utmost importance and we are collaborating closely with them to ensure that we’re catering to the specific preferences of our clients and being thorough in our debut into these new markets.”
Founded in 2018, Bakkt explains that it “builds crypto technology that enables businesses to grow with the crypto economy.”
Through its institutional-grade custody, trading, and onramp capabilities, our clients leverage technology that’s reportedly “built for sustainable, long-term involvement in crypto.”
With ways to activate crypto via SaaS or API, businesses can “select the option that’s best for their strategy.”