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Crypto finserve Bakkt to soon trade publicly on New York Stock Exchange
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The public listing for Bakkt ticker comes as a result of a merger with VPC Impact Acquisition Holdings, a Chicago-based special purpose acquisition company. According to an official statement, a shareholders meeting regarding the merger saw approximately 85.1% approval for the business combination:
Additionally, the business combination resulted in gross proceeds of approximately $448 million to Bakkt, which is planned to be reinvested in growing the company's capabilities and partnerships.
Just last week, Bakkt crypto exchange announced a partnership with Google to allow the purchase of goods and services using Bitcoin (BTC) and other cryptocurrencies via the Google Pay platform. According to Bakkt CEO Gavin Michael, the partnership “is a
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