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Trump's company wants to buy the crypto platform Bakkt

Irina PereverzovaIrina Pereverzova
Irina Pereverzova
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The media holding of newly elected U.S. President Donald Trump, Trump Media, wants to acquire the trading crypto platform Bakkt. This is reported by the Financial Times.

How much money is planned to be allocated for this is not disclosed. Bakkt was created by the Intercontinental Exchange, which owns major derivatives exchanges as well as the NYSE, to help Starbucks customers buy coffee with Bitcoin. Currently, Bakkt focuses on cryptocurrency custody and trading services.

After rumors that Trump's company wants to acquire Bakkt, the platform's shares skyrocketed by 163% in a single day. Trump Media's shares rose by 17% the previous day.

Earlier, we reported that South Korea's largest crypto exchange, Upbit, could be fined billions of dollars due to violations in user verification.

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