Trump Media Technology Group was reported to be in talks to acquire cryptocurrency trading platform Bakkt, which continued to rise by more than 20% before the market opened

11/19 09:22

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cryptocurrency trading platform Bakkt (BKKT.US) continued to rise by over 20.7% before the US stock market opened, reaching $35.88; the stock surged by over 162% on Monday. On the news front, according to the Financial Times, a social media company under Trump is in deep negotiations to acquire Bakkt. Data shows that Bakkt was established in 2018 by Intercontinental Exchange, the owner of the New York Stock Exchange, and provides technical services to cryptocurrency investors. In addition, Kelly Loeffler, former CEO of Bakkt, now serves as co-chair of Trump's inaugural committee.

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