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Crypto Exchange Bakkt Nears Merger With Blank-check Firm VPC

Amy Liu

Summary: Bakkt, the cryptocurrency platform majority owned by Intercontinental Exchange Inc., is in advanced talks to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, as reported by Bloomberg. The transaction is set to value the combined entity at more than $2 billion, and an announcement may come as soon as next week. ...

Bakkt, the cryptocurrency platform majority owned by Intercontinental Exchange Inc., is in advanced talks to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, as reported by Bloomberg. The transaction is set to value the combined entity at more than $2 billion, and an announcement may come as soon as next week.

By Amy Liu

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