Bakkt scores $182.5M in funding to drive institutional and merchant adoption in crypto

Bakkt, the cryptocurrency venture by Intercontinental Exchange, has scored $182.5 million to build out its platform aimed at driving institutional and merchant adoption in crypto. The firm, which is led by CEO Kelly Loeffler, made the announcement in a Medium post on New Year's Eve. "We’ll share details as the New Year unfolds, but as our COO Adam White and I work through Bakkt’s 2019 objectives, we are focused on opportunities to provide new infrastructure, including the industry’s first institutional grade regulated exchange, clearing and warehousing services for physical delivery and storage," Loeffler wrote.

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