Story perspectives

Crypto Firms Shift Strategies Amid Contract Changes and Acquisitions

3/22/2025

23 4

Summary

Bakkt Faces Revenue Loss

Bakkt Holdings experiences revenue impact as Bank of America and Webull choose not to renew contracts.
The Depository Trust & Clearing Corporation enhances its tokenized securities platform by supporting Ethereum.
Robinhood partners with Kalshi to enter prediction markets, with potential revenue of $260 million.
Coinbase seeks to acquire crypto derivatives exchange Derebit, aiming to expand its market presence.

Summary

Robinhood Launches Prediction Markets

Robinhood has introduced prediction markets with Kalshi, enabling trades on NCAA March Madness and financial events.
Kalshi's March Madness markets have seen over $50 million in trades, attracting users nationwide.
Critics warn these markets could challenge state betting laws, but Robinhood asserts it has safeguards against problem gambling.
The Commodity Futures Trading Commission (CFTC) is actively monitoring the legal implications of these prediction markets.

1 of 2

Bakkt Faces Revenue Loss

Bakkt Holdings experiences revenue impact as Bank of America and Webull choose not to renew contracts.
The Depository Trust & Clearing Corporation enhances its tokenized securities platform by supporting Ethereum.
Robinhood partners with Kalshi to enter prediction markets, with potential revenue of $260 million.
Coinbase seeks to acquire crypto derivatives exchange Derebit, aiming to expand its market presence.

1 / 2