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Cryptocurrency Exchange Platform Bakkt Faces Uncertain Future as Cash Dwindles

Facing dwindling cash reserves, cryptocurrency exchange platform Bakkt sounded an alarm on Wednesday, raising doubts about its ability to continue operating beyond the next year. After going public in 2021 amidst market enthusiasm, Bakkt’s share price has plunged to $1.45, a stark contrast to its 2021 peak of over $40. This financial struggle casts a shadow on the platform’s future, leaving its long-term viability uncertain.

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