Mar 22, 2019Â â‹…Â 1 min read
According to The Block, Bakkt has a post-series A valuation of $740 million. The high valuation is raising returns concerns for investors. Bakkt's fees sit at only $0.50 per contract, or one basis point, which means the exchange will need high volumes for investor profits. Parent company Intercontinental Exchange has also agreed to a capital-refund window with external investors, putting pressure on the yet to launch Bitcoin ($BTC) futures platform.
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