Bakkt, a crypto custody and trading company, is currently exploring several strategic options, such as a possible sale or break up, Bloomberg has reported.
The company has hired a financial advisor to help it make this decision, although none have been finalized yet. There is also the possibility that Bakkt will continue to operate independently.
Recently, Bakkt announced a partnership with Crossover Markets to launch BakktX, an electronic communication network focused on cryptocurrencies.
The company, founded in 2018 and publicly traded since 2021, offers institutional-grade services such as custody and trading.
Bakkt is primarily owned by Intercontinental Exchange, the parent of the New York Stock Exchange.