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TheBlock 2019-11-13 22:37:14

Bakkt’s custody ambitions could trigger market consolidation

Quick TakeBakkt launched its institutional custody business on MondayThis may pose an existential threat to other crypto custodiansAs custody fees compress, companies are forced to provide some value-adds such as altcoin custody, staking and lending to retain customersOr they can be acquired by Bakkt and other brand names with big budgets and an appetite to shop around

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