{"id":41673,"date":"2024-11-19T14:44:04","date_gmt":"2024-11-19T14:44:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trump-media-eyes-bakkt-deal-amid-crypto-expansion-report\/"},"modified":"2024-11-19T14:44:04","modified_gmt":"2024-11-19T14:44:04","slug":"trump-media-eyes-bakkt-deal-amid-crypto-expansion-report","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trump-media-eyes-bakkt-deal-amid-crypto-expansion-report\/","title":{"rendered":"Trump Media eyes Bakkt deal amid crypto expansion: report"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Bakkt-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Bakkt-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Bakkt-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Bakkt-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Trump Media is looking to acquire Bakkt\u2019s crypto trading business amid plans of expanding into the crypto market.<\/li>\n<li>Reports says Bakkt\u2019s custody unit is not part of the advanced talks.<\/li>\n<li>Donald Trump\u2019s crypto footprint would grow with this deal, given the US president-elect\u2019s recent launch of World Liberty Financial.<\/li>\n<\/ul>\n<p>Trump Media and Technology Group, a media company owned by Donald Trump, is in talks to acquire the crypto trading operations of Bakkt.<\/p>\n<h2>Bakkt deal for Trump media<\/h2>\n<p>A <a href=\"https:\/\/www.ft.com\/content\/d7f921d5-3668-4b6b-a98d-2681ad73610f\" target=\"_blank\" rel=\"noopener\">report<\/a> by the Financial Times on Nov. 19 indicated that TMTG, which is the parent company of Trump\u2019s Truth Social, is currently in advanced talks with the crypto platform.<\/p>\n<p>Per the Financial Times report, the parties are eyeing a potentially all-stock deal, with Trump Media taking over Bakkt\u2019s business.<\/p>\n<p>However, with Bakkt <a href=\"https:\/\/coinjournal.net\/news\/bakkt-gets-approval-for-150m-securities-sale\/\">struggling over the past year<\/a>, the discussions are reportedly looking to exclude the crypto platform\u2019s custody unit. Bakkt\u2019s shares rose amid the news, hitting highs of $29.71 on Monday after exploding 162%. Pre-market trading also saw the coin trade higher, with over 14% gains to $33.98.<\/p>\n<p>Meanwhile, shares of Trump Media (DJT) rose 16% to $32.78. The stock was however down 6% in pre-market trading on Tuesday.<\/p>\n<p>The Intercontinental Exchange, which also owns the New York Stock Exchange, launched Bakkt in July 2018. It operated as a subsidiary of the Intercontinental Exchange until its spinoff in October 2021. Bakkt discontinued its digital wallet in 2023, focusing on crypto custody and trading.<\/p>\n<p>Meanwhile, Trump launched the decentralized finance project World Liberty Financial ahead of the 2024 US election. Trump\u2019s win buoyed the crypto market, with Bitcoin rallying amid optimism around the new administration\u2019s pro-crypto stance.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/trump-media-eyes-bakkt-deal-amid-crypto-expansion-report\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Trump Media is looking to acquire Bakkt\u2019s crypto trading business amid plans of expanding into the crypto market. Reports says Bakkt\u2019s custody unit is not part of the advanced talks. Donald Trump\u2019s crypto footprint would grow with this deal, given the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":41674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41673"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41673"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41674"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}