Bakkt And Sullivan Bank Team Up To Offer Clients Crypto Trading
According to a recent press release, Bakkt Holdings will assist Sullivan Bank in starting to offer its customers services relating to cryptocurrencies. The two biggest digital currencies will be available for them to hold, trade, and purchase.
Sullivan Bank will provide Bitcoin and Ethereum to customers
Sullivan Bank, which was established in 1895, has entered into a strategic collaboration agreement with a well-known cryptocurrency trading platform run by Intercontinental Exchange.
The bank declared that it would soon begin utilizing Bakkt Crypto Connect to enable its customers to purchase, sell, and hold the two most well-liked digital currencies, Bitcoin and Ethereum.
The whole range of services offered by Bakkt, which include not only trading and holding but also tax reporting, customer support, and educational resources, will be available to clients of Sullivan Bank, according to a news statement.
Mark Elliot, the director of marketing and sales at Bakkt, reaffirmed their commitment to provide users of the bank with a flawless cryptocurrency experience. Mallory Farrel, COO, claims that the agreement came about as a result of institutional customers’ increasing need for cryptocurrency.
He emphasized that users would be able to store Bitcoin and Ethereum in their bank accounts in addition to buying and selling them.
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