Bakkt’s chief product officer, Dan O’Prey, expressed his optimism about the future of Bitcoin and the company’s outlook on regulated markets when he chatted with Cointelegraph at Bitcoin 2023. The international regulatory environment for cryptocurrency is improving, and the company is eyeing a retail expansion on the continent, Bakkt chief product officer Dan O’Prey said.…
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Cryptocurrency platform Bakkt is removing support for 25 out of the 36 tokens offered by its recently-acquired trading platform Apex Crypto. Bakkt’s decision to delist these tokens is part of a wider trend of companies reducing their exposure to risk as they try to navigate uncertain regulatory changes…. Read More: Bakkt Crypto Platform for Institutional…
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The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.” Digital asset firm Bakkt has dropped 25 of the 36 crypto tokens listed on its recently acquired trading platform Apex Crypto. A spokeswoman for the company told Cointelegraph on May 12 that the decision was “part of our regular…
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A turnkey platform that lets fintech businesses offer crypto investing to clients, Apex Crypto has brokered $12.5 billion in crypto trades since its inception. Bakkt has completed its acquisition of Apex Crypto LLC, the blockchain technology platform announced on April 3. In November, Bakkt stated it would pay $55 million in cash, along with stock worth an…
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Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and discontinue its consumer application. The company stated that the app will officially be discontinued on March 16, 2023, and app users will continue to have access to all of their assets. Bakkt Consumer App to Sunset, Loyalty Points Still Accessible…
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Bakkt, a crypto custody service that includes an app where consumers can view and transact with assets, has announced the closure of its consumer-facing app as regulatory scrutiny increases. In a Monday press release, the digital asset company said it is shutting its consumer-facing app to focus on business-to-business (B2B) tech services. … Read More: Crypto Custody…
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In an exclusive interview for Cryptonews Bakkt Holdings CEO Gavin Micheal blasts the damage wrought by FTX and says it is now incumbent on the industry to rebuild trust. He thinks highly regulated Bakkt will be one of the crypto winter winners.Bakkt is among the few publicly listed crypto companies in the U.S. and Michael…
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Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals.”
Bakkt to Expand Client Verticals With Different Offerings…
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The company said this acquisition is expected to diversify and bolster Bakkt’s revenue as it scales its offerings. Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its…
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