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Digital asset platform Bakkt Holdings joins hand with Sullivan Bank to offer crypto trading to customers

According to a press release that was released by Bakkt Holdings( digital asset platform) on August 24, the company is going to assist Sullian Bank in getting started with offering crypto-related services to the bank’s clients. They will have the ability to purchase, trade, and store the two digital currencies that are now the most widely used.

A prominent cryptocurrency trading platform that is owned by Intercontinental Exchange has entered into a strategic collaboration agreement with Sullivan Bank, which was established in 1895. The platform is used for cryptocurrency trading.

The financial institution made the announcement that it would soon begin employing Bakkt Crypto Connect in order to provide its customers with the ability to purchase, trade, and hold the two digital currencies that are now the most popular: Bitcoin and Ethereum.

According to the press release, customers of Sullivan Bank will have the opportunity to make use of the entire suite of services offered by Bakkt. These services include not only trading and holding but also tax reporting, customer assistance, and educational materials.
Mark Elliot, who is in charge of Marketing and Sales at Bakkt, gave assurances that the business would do all in its power to provide customers of the bank with a frictionless experience with cryptocurrencies.

The Chief Operating Officer, Mallory Farrel, said that the cooperation came about as a result of the increasing demand for cryptocurrency among institutional clients. He emphasised that not only would they be able to purchase and trade Bitcoin and Ethereum, but that they would also be able to hold them in their bank accounts.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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