Commentary on Bakkt's Q2’22 Earnings

Founded in 2018, Bakkt is the brainchild of former parent company Intercontinental Exchange, Inc. (NYSE: ICE). Initially started as a crypto futures and custody business, Bakkt has expanded into other segments through organic and inorganic avenues. For example, in February 2020, Bakkt purchased Bridge2 Solutions to enhance their connection to the loyalty and rewards verticals. 2021 saw the launch of their consumer-facing app and announcement of key partnerships. Bakkt serves consumers, businesses and institutions. 

Bakkt offers both custody and market services enabling clients to purchase, sell, hold and swap digital assets.