Bakkt brings focus back to crypto custody in Q2 earnings
It's back to the basics for crypto services firm Bakkt.
The company, which reported quarter 2 earnings on Thursday, highlighted its renewed push into crypto custody — a business that served as the company's foundation prior to its public listing on the New York Stock Exchange. In 2020, the firm made headlines for its so-called Bakkt Warehouse, which offered $125 million in insurance for custody clients, as well as its business relationship with bitcoin bull Paul Tudor Jones.