- Bakkt reaffirmed its partnership with SogoTrade, a digital brokerage, and Hapi.
- The crypto firm is also aiming to expand its services to the UK and Australia.
Bakkt Holdings, a provider of crypto solutions, has announced plans to extend its cryptocurrency operations into new global markets. Yesterday, Bakkt reaffirmed its partnership with SogoTrade, a digital brokerage, and Hapi, a stock trading platform, two of its existing clients.
Bakkt has expanded its Latin American footprint from Argentina and Mexico to Guatemala and Brazil. In the midst of Hong Kong and Singapore’s embrace of cryptocurrency as an alternative asset class, it has introduced its crypto trading services to both markets.
Strategic Expansion
One of the most important goals for the firm in 2024, according to CEO Gavin Michael, is to expand internationally. According to Michael, the company is starting a new and exciting chapter as it expands into new Asian regions such as Singapore and Hong Kong, where the cryptocurrency economy is booming due to new regulations.
It has been stated that Bakkt is also aiming to expand its services to the UK and Australia, in addition to these developments. Their main areas of interest are ramp capabilities, institutional-grade custody, and trading.
Moreover, weeks after the introduction of Bitcoin ETFs, Bakkt announces its expansion. Because of this, it’s possible that any major launch in the cryptocurrency ecosystem may inspire confidence and cause businesses to grow.
Traditional investors and institutions are drawn to any regulatory validity, which in turn increases the demand for crypto services internationally. Hong Kong and Singapore, with their well-defined legal frameworks, are becoming hotspots for crypto businesses looking to cash in on the market’s growing acceptance of their product.
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