Trump Enters The Crypto Arena With Bakkt Acquisition
Cryptocurrency continues to gain prominence under the administration of incoming US President Donald Trump as a crypto trading firm may soon become part of the companies owned by the billionaire president.
Reports disclosed Trump Media eyes to acquire the Bakkt crypto company to gain a foothold in the digital asset industry.
Advanced Talks With Bakkt
Reports said that two individuals who wanted to remain anonymous during the ongoing negotiation told the Financial Times that Trump Media is already nearing the finalization of a deal that would allow the social media firm to buy the crypto firm Bakkt.
The unidentified sources said that Trump’s business team is in “advanced talks” with the executives of the cryptocurrency…
