Blockchain.com has partnered with Bakkt (NYSE: BKKT) to enable crypt trading in all 50 US states. Bakkt is a regulated digital asset exchange providing services like custody and other infrastructure.
Previously, Blockchain.com did not offer services in eight states due to regulatory hurdles.
Lane Kassleman, President at Blockchain.com, said the move was important as it gave them access tocustomers in New York, Virginia and Texas – big markets for crypto.
Other states added include, New Jersey, Louisiana, Hawaii, Tennesse and Nevada.
Crypto trading in the US is regulated at the state level as neither Congress nor the Securiites and Exchange Commission has provided an explicit path for platforms to be regulated at the federal level. While Congress has sought to approve legislation to provide new rules, the SEC has been hostile towards crypto and the nuances included in the new digital asset sector.
Andy Main, CEO of Bakkt, called the partnership “an exciting next step in our partnership and an opportunity to capture a growing market together.”
Since its inception in 2011, Blockchain.com has added over 90 million wallets and over 40 million verified users, and has facilitated over $1 trillion in crypto transactions.