Hey guys! Wake up from EVs to the crypto sector!!
Bakkt ($Bakkt Holdings, Inc.(BKKT)$ ) was a standout winner in the session. The stock more than tripled on a pair of deals for big-name financial firms to use the company's cryptocurrency offerings. Till 10/26 16:55, the stock price has already touched $30.
$BKKT is a spinoff of ICE ($Intercontinental Exchange(ICE)$ ). ICE is the parent company of New York Stock Exchange and Futures Markets.
And today, BKKT gets more than 17,000 watches on Stocktwits. The bulls are cheering all day.
Last time, cryptocurrency investors cheer like today was Coinbase’s($Coinbase Global, Inc.(COIN)$ ) IPO.
So, same as exchanges, is there any difference between them?
In the first agreement, BKKT entered into a partnership with Mastercard (NYSE:MA). Under the deal, the credit card giant will tap into BKKT's digital asset platform, giving its clients easier access to cryptocurrencies.
It's about positioning and who you know and BKKT has the connections and clout to disrupt the entire fiat to crypto and crypto to fiat transfer methodology. It means cryptocurrency is not only a carnival of the minority in the future, crypto is truly accepted by the normal and has the potential to be the mainstream.
Compared to BKKT, Coinbase's IPO may not so meaningful.
Even someone said, "In a few years $COIN will be a legacy throwback compared to BKKT. Comparable to 8-track/Betamax vs. digital download in a few years."
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