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Author: Sam Boughedda
Investing.com – Digital assets platform Bakkt Holdings Inc (NYSE 🙂 saw its shares rise 2.2% on Wednesday with Nexo, a cryptocurrency-backed lending platform, after announcing a partnership.
The agreement will store Bakkt’s cryptocurrency assets at Bakkt Warehouse, its regulated sponsor, which includes Bitcoin and. Nexus will use Bakkt’s Warehouse to store its customers and Ethereum securely.
Bakkt Warehouse was founded in 2019 and has the storage of digital assets both online and offline.
“We recognized that Bakkt’s infrastructure and crypto-regulation approach was a natural adaptation, and we are confident that this partnership will benefit all of our customers and expand Nexus’ ability to unprecedented institutional demand for cryptocurrencies as well as increasing transaction volumes. “said George Manolov, Nexus’ Director of Business Development.
Bakkt’s share price was as high as $ 6.03 in the news. However, he has since left some of those early gains.
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