Crypto Exchange Bakkt Nears Merger With Victory Park SPAC

Bakkt, the cryptocurrency platform majority owned by Intercontinental Exchange Inc., is in advanced talks to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, according to people with knowledge of the matter.

The transaction is set to value the combined entity at more than $2 billion, and an announcement may come as soon as next week, said the people.