{"id":162681,"date":"2022-08-25T11:37:50","date_gmt":"2022-08-25T11:37:50","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162681"},"modified":"2022-08-25T11:37:50","modified_gmt":"2022-08-25T11:37:50","slug":"127-year-bank-partners-with-bakkt-to-allow-its-customers-to-trade-bitcoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/127-year-bank-partners-with-bakkt-to-allow-its-customers-to-trade-bitcoin-and-ethereum\/","title":{"rendered":"127-Year Bank Partners With Bakkt to Allow Its Customers to Trade Bitcoin and Ethereum"},"content":{"rendered":"<p>On Wednesday (August 24), digital assets platform Bakkt Holdings, Inc. (NYSE: BKKT) announced that it had partnered with 127-year-old U.S.-based Sullivan Bank to allow latter to offer \u2014 via Bakkt\u00ae Crypto Connect \u2014 a crypto trading service to its customers. <\/p>\n<p>Here is Sullivan Bank\u2019s overview of its past and present:<\/p>\n<p>\u201c<em>In 1895, when Sullivan had a population of 750, the bank opened with assets of less than $7,000. Built on a solid foundation, serving the communities with sound management and integrity, the bank has grown to serve nine Missouri communities; Sullivan (1895), Cuba (1999), Union (2000), Labadie (2006), Pleasant Hope and Sunrise Beach (2012), Springfield (2015), St. Clair (2021) and Eureka (2021).<\/em><\/p>\n<p>\u201c<em>With strong core values of commitment, integrity, approachability and innovation the bank has strived to continue to strengthen relationships, improve services and explore opportunities in the communities we serve. The Bank is a locally owned financial institution chartered by the State of Missouri. It is a member of the Federal Deposit Insurance Corporation (FDIC).<\/em>\u201c<\/p>\n<p>According to Bakkt\u2019s press release, Mark Elliot, Head of Marketing &#038; Sales at Bakkt, had this to say:<\/p>\n<p>\u201c<em>We are pleased to work with Sullivan Bank to offer their customers the option to buy bitcoin and ether in their trusted digital banking app. To make the experience seamless for Sullivan Bank and its customers, we provide the full strength of Bakkt\u2019s platform including compliance, tax reporting, educational resources and customer care.<\/em>\u201c<\/p>\n<p>And Mallory Farrell, who is the Chief Operating Officer of Sullivan Bank, stated:<\/p>\n<p>\u201c<em>We are excited to provide opportunities for customers to access a growing and increasingly in-demand asset class with peace of mind with regard to security and regulation. Bakkt\u2019s innovative platform will facilitate this new capability within our existing banking platform and customers will be able to view their crypto balance alongside their checking and savings balance all in the same place.<\/em>\u201c<\/p>\n<h2>Image Credit<\/h2>\n<p><em>Featured Image via\u00a0Pixabay<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2022\/08\/127-year-bank-partners-with-bakkt-to-allow-its-customers-to-trade-bitcoin-and-ethereum\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday (August 24), digital assets platform<\/p>\n","protected":false},"author":3,"featured_media":162680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>127-Year Bank Partners With Bakkt to Allow Its Customers to Trade Bitcoin and Ethereum - 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