Bakkt and Swan Bitcoin expand trading across most US states By Investing.com
From Investing.com:
Bakkt Holdings, Inc. and Swan expand partnership for Bitcoin services in 49 U.S. states, offering trading and custody options. CEO Gavin Michael hints at potential international market expansions. Bakkt focuses on institutional-grade services, while Swan caters to high-net-worth individuals and businesses, signaling growing integration between traditional finance and crypto.
InvestingPro reports Bakkt’s market cap at 250.8 million USD, with strong revenue growth but challenges in maintaining profitability due to a -15.6% gross profit margin. Tips caution investors about cash burn and price volatility, with a one-month total return decline of -39.41%. Interested parties can access more insights on InvestingPro for a comprehensive analysis.
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