Bakkt
Regulated digital asset infrastructure that fintechs, brokers and financial institutions use to offer crypto.
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Bakkt key facts
| Category | Crypto infrastructure for businesses |
|---|---|
| Platforms | API |
| Company | Bakkt Financial Solutions I, LLC (formerly Bakkt Crypto Solutions, LLC), NMLS ID 1890144 |
| US availability | Money transmitter licenses in 40 US jurisdictions; NY virtual currency license #0000054 |
| Security audits | SOC 1 Type 2 and SOC 2 Type 2; annual third-party penetration testing |
| Fees | Fee schedule shown after login on the platform; fee and spread disclosed before you confirm |
What is Bakkt?
Bakkt is a digital asset infrastructure company that sells regulated crypto services to fintechs, brokers and financial institutions. Its licenses page lists Bakkt Financial Solutions I, LLC (NMLS 1890144, formerly Bakkt Crypto Solutions) with money transmitter licenses across more than 40 US jurisdictions and a New York virtual currency license.
How Bakkt works
Bakkt sells a regulated stack that a fintech, broker or bank plugs into its own app.
Bakkt handles onboarding, compliance, funding, trading and settlement, so the partner can focus on its own customers. Liquidity comes from a network of market makers and supports fractional trading, and its partners for custody include Fireblocks, Coinbase and ICE. Partner logos on its homepage include Webull, Nexo, Swan and Longbridge, and each consumer app has its own Bakkt user agreement posted on bakkt.com.
Under the Bakkt Fiat and Trade user agreement, crypto you buy is held in omnibus hosted wallets for the benefit of Bakkt customers. Bakkt acts as custodian and may use third-party custodians for safekeeping, and the agreement treats the assets as your property under UCC Article 8. Bakkt also sells Bakkt Agent, a single API that takes voice, chat or file requests and offers virtual EUR, GBP and USD accounts with payouts in 70+ countries.
How to start with Bakkt
- Bakkt has no direct consumer app.
- A business starts with the Get Started or Book Your Consult form on bakkt.com.
- As an individual in the US, you reach Bakkt through a partner app: when you turn on crypto there, you accept that partner's Bakkt user agreement and become a direct customer of Bakkt Financial Solutions I, LLC, which serves you under its New York BitLicense and state money transmitter licenses.
- The licenses page lists the license number and state regulator for each jurisdiction.
Bakkt fees and limits
Bakkt does not publish a public fee table. The user agreement says the fee schedule is visible after you log in to the platform, fees can change when posted, and the amount of each fee, how it is calculated and when it is charged must be disclosed before every transaction. When a trade converts between currencies, or between dollars and crypto, the exchange rate or spread is shown before you confirm. In practice you see the cost inside the partner app you use.
Risks to know before using Bakkt
- Bakkt states it is not a broker-dealer and not a FINRA or SIPC member, and crypto held with Bakkt Financial Solutions I, LLC is not protected by SIPC or the FDIC.
- Its risk page says customer assets are held 1:1 and segregated from corporate assets, are never lent out, and are covered by a digital asset insurance policy.
- It cites SOC 1 Type 2 and SOC 2 Type 2 reports and annual third-party penetration tests.
- Disputes under the user agreement go to arbitration in New York.
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Where Bakkt ranks on DappAtlas
Listed next to Bakkt
- Gemini Crypto exchange
Bakkt pros and cons
- Money transmitter licenses in over 40 US jurisdictions
- New York virtual currency license #0000054
- Licenses and complaint contacts listed per state
- Business-only; no direct consumer app
- Pricing is not published
- The site shares little product detail publicly
Bakkt FAQ
What is Bakkt?
Bakkt is a digital asset infrastructure company that sells regulated crypto services to fintechs, brokers and financial institutions. Its licenses page lists Bakkt Financial Solutions I, LLC (NMLS 1890144, formerly Bakkt Crypto Solutions) with money transmitter licenses across more than 40 US jurisdictions and a New York virtual currency license.
How much does Bakkt cost?
Fee schedule shown after login on the platform; fee and spread disclosed before you confirm, according to Bakkt’s own page (checked Oct 1, 2026).
Is Bakkt available in the US?
Money transmitter licenses in 40 US jurisdictions; NY virtual currency license #0000054, according to Bakkt’s own page (checked Sep 26, 2026).
Does Bakkt hold my funds?
Yes. Bakkt is custodial: it holds the keys to your balance.
Sources
How this page works
Sources: Bakkt: official site, Bakkt: Licenses, Bakkt: Risk and security. Data as of Oct 1, 2026.
Not affiliated with any project listed. Educational content, not financial advice.