Packet Holdings Inc., the digital asset management arm of InterContinental Exchange (ICE), has announced that it will soon become a publicly traded company on the New York Stock Exchange as of October 18.
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Bucket's public listing is the result of the merger with VBC Impact Acquisition Holdings, a Chicago-based special purpose buyout firm.
According to an official statement, published by Coin Telegraph, the merger's shareholder meeting saw approximately 85.1% approval for the business combination: Upon closing, trading is expected to begin The common stock and warrants of the incorporated company are listed on the New York Stock Exchange (NYSE) under the ticker symbols BKKT and BKKT WS, respectively.
In addition, the business combination resulted in total revenue of approximately $448 million for Bakkt, which is set to be reinvested in growing the company's capabilities and partnerships.
Just last week, cryptocurrency exchange Bakkt announced a partnership with Google to allow the purchase of goods and services using Bitcoin (BTC) and other cryptocurrencies via the Google Pay platform.< /p>
According to Bakkt CEO Gavin Michael, the partnership is a testament to Bakkt's strong position in the digital asset market, enabling consumers to enjoy their digital assets at the same time. Actual, in a safe and reliable manner.
In March, Bakkt launched a payments app that allows users to make purchases with cryptocurrencies, and before that the exchange offered Bitcoin futures exclusively to accredited investors.
