Announcing its cooperation with Google Pay in the past days, cryptocurrency platform Bakkt announced that it will be listed on the New York Stock Exchange starting Monday, October 18.
It was also shared that the merger of Bakkt with VPC Impact Acquisition Holdings, a Chicago-based acquisition company, has completed.
Expressing its intention to go public in January, Bakkt’s common stocks will be traded on the NYSE under the name “BKKT” and its warrants under the stock ticker “BKKT WS”.
In a statement on the subject, Baktt CEO Gavin Michael said that the partnership with VPC Holding is a testament to Bakkt’s strong position in the digital asset market to enable consumers to benefit from their digital assets in a real-time and reliable manner.
The CEO stated that the merger provides the necessary capital to support Bakkt’s continued innovation.
“We expect our platform to continue to redefine the digital asset market in which it operates, and we are excited about the opportunity to accelerate our innovation and growth as a publicly traded company.
We remain focused on building a wider ecosystem, expanding the digital assets we offer and represent today, and gain momentum by partnering with industry-leading companies such as Choice Hotels, Wyndham Rewards, Google, Finastra and Starbucks.”
This partnership with Bakkt, which launched a payment app that allows users to make purchases via cryptocurrencies in March, has generated roughly $448 million in gross revenue.