Short answers, pulled from the story.
Bakkt Holdings, Inc. is a software-as-a-service and API platform for owning and trading cryptocurrency, headquartered in Alpharetta, Georgia and New York City. It earns revenue from commissions on payments and on purchases and sales of digital assets. Intercontinental Exchange, the parent company of the New York Stock Exchange, owns 55% of the company.
Intercontinental Exchange founded Bakkt in August 2018 in partnership with Boston Consulting Group, Microsoft, Starbucks, and other collaborators. Intercontinental Exchange retained a 55% ownership stake in the new company.
Kelly Loeffler served as Bakkt's first chief executive. She left the role after being appointed to the United States Senate.
In October 2021, Bakkt completed a merger with VPC Impact Acquisition Holdings, a special-purpose acquisition company (SPAC) sponsored by Victory Park Capital. The transaction made Bakkt a publicly listed company on the New York Stock Exchange.
Bakkt sold its loyalty points business for $11 million in July 2025. The loyalty segment had entered the company through Bridge2 Solutions, a rewards provider that Intercontinental Exchange contributed to Bakkt in February 2020.
Intercontinental Exchange launched bitcoin futures trading through Bakkt in September 2019, after clearing regulatory hurdles that had delayed the product. The platform went live thirteen months after Bakkt's founding in August 2018.