By Chris Wack

Bakkt Holdings Inc. said Wednesday it has partnered with Sullivan Bank to use Bakkt Crypto Connect to allow Sullivan Bank customers to buy, sell and hold bitcoin and Ethereum.

Alpharetta, Ga.-based Bakkt said its Crypto Connect offers financial institutions the tools to meet consumer demand and provides crypto access to customers without leaving their banking institution.

Bakkt shares were up 7%, to $2.77, in premarket trading. Bitcoin and Ethereum are both trading down slightly against the dollar.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

August 24, 2022 08:44 ET (12:44 GMT)

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