Why Bakkt Stock Saw Wild Volatility on Tuesday

The crypto derivatives provider attracted a lot of attention from traders following news Monday morning that it had partnered with Mastercard (NYSE: MA) to help merchants, banks, and financial technology companies in the U.S. to offer cryptocurrency solutions and services. The services that Mastercard partners will be able to access thanks to this Bakkt integration "include the ability for consumers to buy, sell and hold digital assets through custodial wallets powered by the Bakkt platform and streamlined issuance of branded crypto debit and credit cards." Mastercard also said it will integrate cryptocurrencies into its loyalty program offerings.