#115 of 115 in the US ranking · Institutional

Bakkt Review (October 2026): Fees, US States and Licenses

Best for: Embedded crypto for businesses

3.1/10

US access 20%2.0
Regulation 20%1.0
Security record 15%5.7
Cost 15%5.0
Range 10%4.2
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins— Not verified
Custody— Not verified
App Store— Not verified

Our verdict

Bakkt, Inc. (NYSE: BKKT) is a business-to-business provider of regulated infrastructure for crypto trading, stablecoin settlement and cross-border payments, organized as Bakkt Markets, Bakkt Agent and Bakkt Global. It serves financial institutions, fintechs and consumer brands rather than individual account holders. Bakkt divested its loyalty and custody businesses, acquired Distributed Technologies Research on April 30, 2026, and targets $3 billion in 2026 transacting volume.

Pros

NYSE-listed company with quarterly public financial reporting
Infrastructure for trading, stablecoin settlement and cross-border payments
Raised 2026 transacting volume target to $3 billion

Cons

No direct accounts for individual investors
Q1 2026 revenue fell 77% year over year
Adjusted EBITDA loss of $13.7 million in Q1 2026

Bakkt fees

Maker / taker: — Not verified
Simple buy: — Not verified
Volume tiers: Commercial terms are set with business clients; no public fee schedule was found.
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: — Not verified
Minimum deposit: — Not verified

Is Bakkt available in my state?

Bakkt is a business-to-business provider: its Sept 9, 2026 release says it serves financial institutions, fintechs and consumer brands; no direct account for individuals was found.

The list of states this platform serves is not verified yet.

New York: — Not verified
ID check (KYC): — Not verified
Withdraw crypto: — Not verified
Funding: — Not verified

Is Bakkt regulated?

NYSE: BKKT

US operator: — Not verified
Parent company: Bakkt, Inc. (NYSE: BKKT)
State licenses: — Not verified
New York license: — Not verified
Other: Describes itself as a regulated financial technology company; its US operating entity and current licenses were not verified in this session
Founded: 2018
Headquarters: — Not verified

How secure is Bakkt?

Proof of reserves: — Not verified
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

2026otherBakkt divested its loyalty and custody businesses and refocused on business-to-business trading, stablecoin payments and AI-agent finance, per its Q1 2026 results.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Bakkt

Spot

Three business lines: Bakkt Markets (regulated infrastructure for trading and stablecoin settlement), Bakkt Agent (AI-enabled embedded finance; co-branded cards and neobank-as-a-service planned for Q4 2026) and Bakkt Global (cross-border payments, with positions in Japan and India). Crypto trading reaches end users only through partner businesses. Bakkt sold its loyalty and custody businesses.

Apps: —
Support: — Not verified

Bakkt FAQ

Is Bakkt regulated in the US?

Registrations and licenses on record: NYSE: BKKT.

Alternatives to Bakkt

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.