According to Foresight News: Bakkt CEO Gavin Michael stated in a phone call with Water Tower Research on Wednesday that the digital asset platform has seen strong attraction for new custody and crypto trading clients. By expanding its customer network and prudent capital allocation, Bakkt's gross margin has also improved. The company has recently made several acquisitions and partnerships, as well as expanding into international markets. It plans to launch in Latin America in the fourth quarter, followed by launches in the United Kingdom, European Union, Hong Kong, and Australia.