BAKKT shares Tumbas 35% after disappearing agreements with Bank of America and Webull

BAKKT Holdings (BKKT), a crypto exchange and custody firm, saw shares this Monday After revealed that Neither the Bank of America (BAC) or the Crypto Trading App Webull Pay will change their commercial agreement with the company.At the time of writing, BKKT shares drop 35% after trading time to $ 12.83. The stock made its entire time in October 2021, when it was exchanged $ 1,063 shortly after the firm became public by integrating it with the handling of the VPC Impact Acquisition.The Bank of America incounts nearly 16% of BAKKT's loyalty revenue in 2023. Meanwhile, webull, represents 74% of the BAKKT's crypto service revenue at the same time. The Bank of America agreement is set to expire on April 22, while the Webull contract will end on June 14.Bakkt requested An extension of time to file a 2024 annual report with the SEC.self.__next_f.push((1,"\",null,{\"rel\":\"preconnect\",\"href\":\"https://c.amazon-adsystem.com\",\"crossOrigin\":\"anonymous\"}),(\"$\",\"link\",null,{\"rel\":\"preconnect\",\"href\":\"https://s.amazon-adsystem.com\",\"crossOrigin\":\"anonymous\"}),(\"$\",\"link\",null,{\"rel\":\"preconnect\",\"href\":\"https://btloader.com/\",\"crossOrigin\":\"anonymous\"}),(\"$\",\"link\",null,{\"rel\":\"preconnect\",\"href\":\"https://api.btloader.com/\",\"crossOrigin\":\"anonymous\"}),(\"$\",\"link\",null,{\"rel\":\"preconnect\",\"href\":\"https://confiant-integrations.global.ssl.fastly.net\",\"crossOrigin\":\"anonymous\"}),(\"$\",\"link\",null,{\"rel\":\"preload\",\"href\":\"https://a.pub.network/coindesk/pubfig.min.js\",\"as\":\"script\"}),(\"$\",\"link\",null,{\"rel\":\"stylesheet\",\"href\":\"https://a.pub.network/coindesk/cls.css\"})),(\"$\",\"link\",null,{\"rel\":\"preconnect\",\"href\":\"https://connect.facebook.net\"}),(\"$\",\"link\",null,{\"rel\":\"preconnect\",\"href\":\"https://cdn.jwplayer.com\"}),(\"$\",\"link\",null,{\"rel\":\"preconnect\",\"href\":\"https://cloudfront-us-east-1.images.arcpublishing.com\"}),(\"$\",\"link\",null,{\"rel\":\"preconnect\",\"href\":\"https://downloads.coindesk.com\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"sizes\":\"any\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon.ico\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/svg+xml\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon.svg\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/x-icon\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/android-chrome-192x192.png\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/png\",\"sizes\":\"16x16\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-16x16.png\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/png\",\"sizes\":\"32x32\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-32x32.png\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/png\",\"sizes\":\"48x48\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-48x48.png\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/png\",\"sizes\":\"64x64\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-64x64.png\"}),(\"$\",\"link\",null,{\"rel\":\"apple-touch-icon\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-60x60.png\"}),(\"$\",\"link\",null,{\"rel\":\"apple-touch-icon\",\"sizes\":\"120x120\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-120x120.png\"}),(\"$\",\"link\",null,{\"rel\":\"apple-touch-icon\",\"sizes\":\"152x152\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-152x152.png\"}),(\"$\",\"link\",null,{\"rel\":\"apple-touch-icon\",\"sizes\":\"167x167\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-167x167.png\"}),(\"$\",\"link\",null,{\"rel\":\"apple-touch-icon\",\"sizes\":\"180x180\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-180x180.png\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/png\",\"sizes\":\"512x512\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/android-chrome-512x512.png\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/png\",\"sizes\":\"16x16\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-16x16.png\"}),(\"$\",\"link\",null,{\"rel\":\"icon\",\"type\":\"image/png\",\"sizes\":\"32x32\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-32x32.png\"}),(\"$\",\"link\",null,{\"rel\":\"apple-touch-icon\",\"sizes\":\"180x180\",\"href\":\"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-180x180.png\"}),(\"$\",\"meta\",null,{\"name\":\"theme-color\",\"content\":\"#000\"}),(\"$\",\"meta\",null,{\"name\":\"viewport\",\"content\":\"width=device-width, initial-scale=1, maximum-scale=1\"}),(\"$\",\"link\",null,{\"rel\":\"hub\",\"href\":\"https://pubsubhubbub.appspot.com/\"}),(\"$\",\"link\",null,{\"rel\":\"self\",\"href\":\"/arc/outboundfeeds/rss\"}),(\"$\",\"style\",null,{\"children\":\"\\n\\t\\t\\t\\t\\t:root {\\n\\t\\t\\t\\t\\t\\t--font-sans: 'neueHaas', 'neueHaas Fal")) Source link