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CDS Crypto News Bakkt Globally Expands: Targeting Three Key Crypto Markets

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Bakkt Globally Expands: Targeting Three Key Crypto Markets

Bakkt globally expands targeting three key crypto markets; Hong Kong, the UK, and the EU, further becoming a leading digital asset platform

ugur06/07/20231 Mins read816

Bakkt Globally Expands Targeting Three Key Crypto Markets; Hong Kong, The Uk, And The Eu, Further Becoming A Leading Digital Asset Platform

Bakkt, a leading digital asset platform, has announced ambitious plans for global expansion.

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Bakkt Globally Expands: Targeting Three Key Crypto Markets

The company aims to extend its operations to Hong Kong, the United Kingdom, and the European Union, regions known for their progressive stance on cryptocurrency regulations.

Bakkt’s Strategic Move Towards Regulatory Clarity

Bakkt’s decision to target these specific regions stems from their advanced regulatory frameworks for cryptocurrencies. The United States, despite being a major player in the crypto space, has been slow in establishing clear regulations, prompting Bakkt to focus on international expansion.

Leveraging Bitcoin’s Layer 2 Lightning Network

As part of its expansion strategy, Bakkt is exploring the potential of Bitcoin’s Layer 2 Lightning Network for custody and settlement services. This technology could revolutionize cross-border payments and financial services, offering efficient and secure solutions.

Capitalizing on Crypto Market Momentum

Bakkt believes that the momentum in the crypto markets is stronger outside the US, largely due to the faster pace of regulatory clarity in these regions. By tapping into these markets, Bakkt aims to drive the growth of its platform and better serve its international customer base.

About Bakkt

Bakkt is a digital asset platform that enables consumers, merchants, and institutions to buy, sell, store, and spend digital assets. Its goal is to unlock the value of digital assets to power loyalty programs, facilitate consumer payments, and enable cryptocurrency trading.