Main notes
- Bakkt has announced a new Co-CEO, Akshay Nahata, former CEO at Softbank.
- BKKT shares have increased by 13 % in the past 24 hours, before the market.
- BKKT has a large resistance at the price level from 12 to 13 dollars.
Bakkt, a US digital asset and nursery company, has witnessed a major shift, as Akshay Nahta brought as Co-CEO.
The company has also announced a strategic partnership with the start of Nahata payments, and the distribution of technologies (DTR).
Bakkt aims to re -put the company within the encryption payments and trading space after a difficult period characterized by the lost partnerships with the Bank of America (BAC) and Webull Pay.
Leadership amendment
Nahata, a former executive of Softbank known as prominent investments in NVIDIA and ARM, will join the current CEO and and Andy Main to lead Bakkt. Its experience in Fintech and Blockchain are expected to push the next growth stage of the company.
A major element in the strategy It is to integrate Bakkt services trading and mediation with the infrastructure of Stablecoin payments from DTR.
DTR provides Blockchain applications and ownership guidance system to enhance payment efficiency, and may open new revenue flows in the encryption trade and cross -border transactions.
It is important to note that these main changes are still not approved by the appropriate organizational authorities, a process that may delay implementation.
Main revenue success: Loss of major partnerships
Earlier this week, he suffered Bakt Severe financial blow Since both Bank of America and Webull Pay decided not to renew their commercial agreements with the company.
It is worth noting that Bank of America represents 16 % of the Bakkt loyalty service revenues in 2023, and represents Webull Pay 74 % of the company's encryption service revenue.
The Bank of America's agreement ends on April 22, while the Webull contract expires on June 14, leaving a large revenue gap that Bakkt must fill through its new initiatives.
BKKT stock analysis
BKKT shares rose 13 % before the market, driven by the investor optimism about the leadership defeat. However, technical indicators indicate a volatile path.
The arrow is traded near Bollinger Band Lower (BB), indicating excessive sale conditions and a possible average bounce up. However, resistance at the mid -BB (~ $ 12.30) can win short -term gains.
On the other hand, the 39 -year -old RSI index (RSI), has succeeded in avoiding entry into the sale area. Line contraction indicates signs of recovery.
Despite today's jump, Bakkt faces a strong resistance from 12 to 13 dollars, and will require gains to maintain tangible progress in DTR integration and diversify revenues.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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