Reported as a scam / unregulated
Why Bakkt Market is on the register
Bakkt Market claims to be headquartered in the USA, is a broker licensed and regulated by the U.S. National Futures Association (NFA) with ID 0561418 and the U.S. Financial Crimes Enforcement Network(FinCEN) as a Money Services Business (MSB) under registration number 31000263262302, offering a range of investment products to traders in global markets. Under registration number 31000263262302 with MSB, we found that the company is SMART GLOBAL, but the business of the MSB is only currency exchange, cannot license forex trading brokerage activities, and has no authorization for financial derivatives. However, Bakkt Market is also not authorized and regulated by the NFA. The truth is that Bakkt Market is not regulated by any regulators. Letting it hold or control investors’money is unsafe, and the money can not be protected by any laws. Bakkt Market is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.