Bakkt Attracts $182.5M in Funding
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1 January
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Bakkt’s crypto-focused trading platform has attracted $182.5 million in its first round of funding, according to the official announcement.

Among the investors are Galaxy Digital, Microsoft’s venture capital arm, Pantera Capital, Boston Consulting Group, CMT Digital, Eagle Seven, Goldfinch Partners, the fintech arm of Naspers and many more.

"...We are focused on opportunities to provide new infrastructure, including the industry’s first institutional grade regulated exchange, clearing and warehousing services for physical delivery and storage," the announcement states.

The CEO of Bakkt, Kelly Loeffler, highlights the company "has been working closely with the Commodity Futures Trading Commission for the better part of 2018."

"We have filed our applications and the timing for approval is now based on the regulatory review process," Loeffler says.

Earlier, Loeffler predicted crypto revolution and said that the fractured state of cryptocurrencies was reminiscent of the energy markets in ICE’s early days. Bakkt CEO expects Bakkt to offer institutions access with all package of tradings instruments.

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