Trump Media checks Bakkt deal in the middle of the crypto expansion: report

• Trump Media wants to take over the Bakkt crypto trade business and plans to expand into the crypto market.
According to reports, the Bakkt custody account is not involved in the advanced talks.
• Donald Trump's crypto footprint would grow with this deal, considering that the elected US President recently introduced World Liberty Financial.

The Trump Media and Technology Group, a media company owned by Donald Trump, has discussions about the takeover of Bakkt's crypto trade.

Bakkt deal for Trump media

a Report The Financial Times indicated that the parent company of Trump was Truth Social, currently in advanced conversations with the cryptoplattform.

According to the report of the Financial Times, the parties consider a possible all-stock deal in which Trump Media takes over Bakkt's business.

Since Bakkt had problems last year, the discussions reported that it is about excluding the custody unit of the crypto platform. Bakk's shares rose due to this messages and reached the highest levels of $ 29.71 on Monday after they exploded by 162 %. The coin also recorded an increase in pre -exchangeable trade, with an increase of over 14 % to $ 33.98

In the meantime, the shares of Trump Media (DJT) rose by 16 % to $ 32.78. However, the share lost 6 %in pre -exchanged trading on Tuesday.

The Intercontinental Exchange, which also includes the New York Stock Exchange, Bakkt started in July 2018. Until her split in October 2021, she acted as a subsidiary of the Intercontinental Exchange. Bakt set his digital wallet in 2023 and focused on the custody and trade in cryptocurrencies.

Meanwhile,

Trump started the decentralized financial project World Liberty Financial in the run-up to the US elections in 2024. Trump's victory gave the cryptom market buoyancy and Bitcoin recovered in view of the optimism about the pro-crypto posture of the new government.