Yesterday Bakkt announced that its planned Electronic Communication Network (ECN) for cryptocurrencies, BakktX, will use technology from Crossover Markets.
Listed Bakkt was founded in 2018 by New York Stock Exchange owner ICE, which still controls more than 55% of the stock.
“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.”
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