Bakkt Teams with Crossover Markets to Power “BakktX” ECN with High-Performance Technology

Bakkt to further its U.S. institutional capabilities with its own high-performance trading venue

Crossover Markets to provide cutting-edge technology, including customized liquidity solutions combined with ultra-low-latency trade execution

ALPHARETTA, GA--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that the company has tapped Crossover Markets to provide technology to help power “BakktX,” its forthcoming crypto Electronic Communication Network (ECN).

“As institutional interest in crypto grows, further expanding Bakkt’s capabilities is a key priority,” said Ray Kamrath, Chief Commercial Officer at Bakkt. “With the development of BakktX, we are positioning ourselves as an ideal partner for institutions seeking a compliant, qualified trading venue. This will be a truly groundbreaking solution that fulfills a currently unmet need in the U.S. market.”