Close Menu
Cryprovideos
    What's Hot

    CFTC Explores Spot Crypto Buying and selling On Futures Exchanges

    August 6, 2025

    Bitcoin-Holding Corporations Might Have Peaked, Says Galaxy CEO

    August 6, 2025

    Coinbase’s Layer‑2 ‘Base’ Suffers First Main Outage Since Launch: Right here is What Occurred ‣ BlockNews

    August 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Trump Media Group in talks to accumulate crypto buying and selling platform Bakkt – FT
    Trump Media Group in talks to accumulate crypto buying and selling platform Bakkt – FT
    Crypto News

    Trump Media Group in talks to accumulate crypto buying and selling platform Bakkt – FT

    By Crypto EditorNovember 18, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Trump Media Group in talks to accumulate crypto buying and selling platform Bakkt – FT

    President-elect Donald Trump’s media group, Trump Media and Expertise Group (TMTG), is reportedly in superior discussions to accumulate Bakkt, the crypto buying and selling platform owned by Intercontinental Trade (ICE), the Monetary Instances reported on Nov. 18.

    In accordance with the report, the deal would contain an all-share buy, which is TMTG’s transfer to diversify operations and enter the burgeoning crypto market.

    The information brought about Bakkt’s share worth to surge roughly 165% to $29 as of press time, primarily based on CryptoSlate information.

    TMTG is the guardian firm of Fact Social and has develop into one of the risky and actively traded shares since Trump’s election victory. Regardless of producing simply $2.6 million in income this 12 months, TMTG instructions a $6 billion fairness valuation. 

    Sources accustomed to the talks instructed the FT that Bakkt’s crypto custody enterprise is excluded from the proposed deal because it has struggled to realize traction and was anticipated to be wound down.  

    By buying Bakkt, TMTG would achieve entry to a platform aimed toward institutional buyers, a market section Bakkt targets with its deliberate buying and selling infrastructure. 

    If finalized, the deal would additionally develop Trump’s rising involvement within the crypto trade, complementing his just lately promoted crypto enterprise, the stablecoin-focused credit score platform World Liberty Monetary.  

    ICE and Bakkt declined to touch upon the matter, and TMTG didn’t instantly reply to requests for remark.  

    Bakkt’s struggles

    Bakkt, based by ICE in 2018, has confronted persistent challenges in attaining profitability.

    Its crypto custody enterprise, which holds crypto similar to Bitcoin (BTC) and Ethereum (ETH) for purchasers, reported minimal revenues of $328,000 and working losses of $27,000 within the third quarter of 2023. 

    Moreover, the corporate narrowly prevented delisting from the New York Inventory Trade earlier this 12 months via a 1-for-25 reverse inventory cut up.  

    Regardless of its struggles, Bakkt’s institutional focus and ties to ICE, the New York Inventory Trade proprietor, might provide strategic worth to TMTG. Bakkt’s first CEO, Kelly Loeffler, is a detailed Trump ally and co-chair of his inauguration committee.

    Talked about on this article



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    CFTC Explores Spot Crypto Buying and selling On Futures Exchanges

    August 6, 2025

    Coinbase’s Layer‑2 ‘Base’ Suffers First Main Outage Since Launch: Right here is What Occurred ‣ BlockNews

    August 6, 2025

    SEC liquid staking steerage clears ‘final hurdle’ for staking in spot crypto ETFs

    August 6, 2025

    CFTC Opens Door To Spot Crypto Buying and selling On Futures Markets

    August 6, 2025
    Latest Posts

    Bitcoin-Holding Corporations Might Have Peaked, Says Galaxy CEO

    August 6, 2025

    David Bailey’s Bitcoin PAC: A $200 mln plan to cement BTC’s position in U.S. coverage

    August 6, 2025

    FOMO Part for Bitcoin and S&P 500 May Be Approaching if This Occurs, In line with Analyst Jason Pizzino – The Day by day Hodl

    August 6, 2025

    Alpen Labs Launches Public Testnet to Advance Bitcoin Finance Ecosystem

    August 5, 2025

    Anchorage Digital Acquires 10,000 BTC in Main Institutional Transfer – Bitbo

    August 5, 2025

    Binance BTC Metrics Trace at Waning Promote Strain and Potential Market Rebound

    August 5, 2025

    Bitcoin Hyper Crypto Presale Hits $7M as BTC Bullish Sample Indicators $150K Rally

    August 5, 2025

    Cardano sidechain Midnight begins token distribution to ADA, XRP, BTC holders

    August 5, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ethereum or Solana – Who will dominate DeFi?

    July 29, 2025

    Ripple v. SEC: How Will New Developments Have an effect on XRP Value?

    February 2, 2025

    Bullish Sample Emerges for XRP Forward of Breakout – Crypto Professional | UseTheBitcoin

    July 7, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.