Bakkt Shifts Focus to Institutional Crypto Trading

Rachana Saha

Bakkt predicts increased involvement of investors in institutional crypto trading, driven by factors like SEC approval of bitcoin ETFs.

Bakkt reports a significant 324% increase in crypto trading volume in Q1, reflecting heightened client activity and market demand.

Institutional investors seek purpose-built cryptocurrency trading platforms tailored to their requirements, unlike traditional retail-focused markets.

Bakkt plans to launch BakktX, an ECN designed for institutional traders, offering real-time execution and cost-efficient trading.

Bakkt aims to expand its product offerings and improve cost efficiency alongside a restructuring initiative.

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