{
Miles Paschini

People

}
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001122334455554433221100

bakkt faces challenges as major partners withdraw from agreements

Bakkt Holdings faces a significant setback as Bank of America and Webull announce they will not renew their agreements, jeopardizing 16% and 74% of its revenue streams, respectively. The company, heavily reliant on these partnerships, is under pressure to find new clients or pivot its business model amid a declining share price and regulatory uncertainties in the crypto landscape. Bakkt's future remains uncertain as it navigates these challenges while the institutional crypto ecosystem grows increasingly competitive.
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Business & Industry, News Article
19:26 18.03.2025
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