BEAMSTART Logo

HomeNews

Bakkt names new co-CEO amid re-focus on crypto offerings

Coin Telegraph LogoCoin Telegraph15h ago

Bakkt names new co-CEO amid re-focus on crypto offerings - Coin Telegraph

Quick Summary:

In a separate statement reporting its fourth quarter and full year 2024 results, Bakkt said it wants “to focus resources on core crypto offerings” and was potentially looking to sell or wind down its loyalty services business, which allows its clients to offer travel and merchandise perks.

The firm added it would maintain custody solutions “through a robust network of reputable custody providers.”Its moves come after Bakkt disclosed on March 17 that its major clients, Bank of America and trading platform Webull, won’t be renewing contacts with the firm when they expire in April and June, respectively.

Crypto custody and trading firm Bakkt Holdings has appointed a new co-CEO and is cutting some of its services to focus on its crypto offerings after recently losing two major clients.

or

Article Details

Author / Journalist: Cointelegraph by Jesse Coghlan

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 02:44:21 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27184026

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 240 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Bakkt names new co-CEO amid re-focus on crypto offerings" has 588 words across 22 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Bakkt names new co-CEO amid re-focus on crypto offerings" was covered 15 hours ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 240 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27184026
  • URL: https://beamstart.com/news/bakkt-names-new-co-ceo-17424389973053

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.