TechFlow News — On August 1, according to Crowdfundinsider, digital asset platform Blockchain.com has partnered with Bakkt to now offer cryptocurrency trading services in all 50 U.S. states. Bakkt, a regulated digital asset exchange, provides infrastructure services including custody. Previously, regulatory hurdles prevented Blockchain.com from operating in eight states. Lane Kassleman, the company's president, said the move enables access to key markets such as New York, Virginia, and Texas.
The expanded service also includes New Jersey, Louisiana, Hawaii, Tennessee, and Nevada. Cryptocurrency trading in the U.S. is regulated at the state level, as Congress and the Securities and Exchange Commission (SEC) have yet to establish a clear federal regulatory framework. While Congress has attempted to pass new legislation, the SEC has maintained a hostile stance toward cryptocurrencies. Bakkt CEO Andy Main described the partnership as an "exciting next step" and emphasized their joint effort to capture a growing market.
Since its founding in 2011, Blockchain.com has added over 90 million wallets and 40 million verified users, facilitating more than $1 trillion in cryptocurrency transactions.
