Hanover Bank Joins Bakkt’s Early Adopter Program

In a recent press release, Bakkt Holdings ($BKKT@US) announced that Hanover Community bank, an operation with $1.5 billion that operates 7 branches across Long Island and greater New York City, is joining the early adopter cryptocurrency program, allowing the bank to offer Bitcoin and Ethereum. Bakkt’s Chief Revenue Officer, Sheela Zemlin, said, “We're seeing the increased momentum of cryptocurrency interest and adoption among a large cross-section of the consumer population. Bakkt's partners like Hanover Bank are intent on lowering the barrier to entry for their clients to enjoy this new asset class. It's undeniable that cryptocurrency has catapulted itself to prime time and grown its sphere of influence to include more than early adopters; this is going mainstream. It's an exciting time for Bakkt to introduce new and innovative options so that anyone can participate in this burgeoning economy." Hanover’s COO, Denise Chardavoyne, said, “A key strategy at Hanover Bank is to be on the forefront of technology that speaks to superior client service.” At press time, Bakkt stock was up over 7% in premarket activity, trading at $4.31.