When was Bakkt formed and by whom?
Intercontinental Exchange formed Bakkt in August 2018. The company launched as a partnership with Boston Consulting Group, Microsoft, and Starbucks.
Questions about Bakkt
Short answers, pulled from the story.
What date did Intercontinental Exchange begin trading bitcoin futures through Bakkt?
Intercontinental Exchange began trading of bitcoin futures on the 1st of September 2019. This launch occurred after significant regulatory delays had stalled progress for over a year from the initial formation of the company.
Which companies did Bakkt acquire to expand its services between 2019 and 2023?
Bakkt acquired certain assets of Rosenthal Collins Group in January 2019 and bought Digital Asset Custody Company in April 2019. Later in 2023, they acquired Chicago-based integrated crypto trading platform Apex Crypto.
How did Bakkt transition from private ownership to public markets in October 2021?
In October 2021, Bakkt completed a merger with VPC Impact Acquisition Holdings sponsored by Victory Park Capital. The transaction moved Bakkt from private ownership to the New York Stock Exchange.
Who became co-chief executive officer of Bakkt in March 2025 following Kelly Loeffler's departure?
Akshay Naheta was appointed as co-chief executive officer in March 2025. Her appointment followed the leadership vacuum created when Kelly Loeffler left to take her seat in the United States Senate.