Intercontinental Exchange Inc -owned Bakkt said on Monday it has agreed to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, giving the cryptocurrency platform an enterprise value of $2.1 billion.
Intercontinental Exchangeâs Cryptocurrency Venture to Go Public Through a SPAC
ICEâs Bakkt crypto venture plans to roll out an app for trading and making payments with digital assets The price of bitcoin is skyrocketing, driving a rally of momentum trading that s pushed its value higher than it s ever been before. WSJ explains how bitcoin trading works, and why the volatile digital currency is reaching all-time highs. Illustration: Jacob Reynolds/WSJ By Jan. 11, 2021 8:00 am ET Intercontinental Exchange Inc., or ICE, will take its cryptocurrency venture public by merging it with a special-purpose acquisition company, a deal that will further its goal of launching a consumer app for trading and making payments with digital assets.
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Bakkt and Victory Park-backed SPAC to merge, will go public on NYSE pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.
Intercontinental Exchange Inc -owned Bakkt said on Monday it has agreed to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, giving the cryptocurrency platform an enterprise value of $2.1 billion.