Trading in shares of the Bakkt cryptocurrency platform began on the New York Stock Exchange on October 18. The first day was unsuccessful for the company – the stock price dropped 6.5%.
Bakkt merged with PC Impact Acquisitions Holdings to enter the largest US stock exchange. Class A shares and warrants under the tickers BKKT and BKKT WS have become available to investors.
The first session turned out to be quite volatile – trading in shares began at $ 9.4 per share, and the rate quickly reached $ 9.95. However, sellers increased their pressure and the rate fell to $ 8.8 per share. Then there were some more hesitation, but the day ended at $ 8.78 per share, according to
data TradingView.
As a reminder, Bakkt was launched as a platform for institutional investors in 2018. However, then the company’s profile was changed – now it is working on retail applications with the ability to exchange cryptocurrencies and support for various loyalty programs.
At the beginning of the month, it was reported that users of Bakkt virtual cryptocurrency cards will be able to link them to Google Pay and use them for everyday payments.
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