Digital asset agency Bakkt has dropped 25 of the 36 crypto tokens listed on its lately acquired buying and selling platform Apex Crypto.
A spokeswoman for the corporate informed Cointelegraph on Could 12 that the choice was “a part of our common coin itemizing overview course of,” and added that:
“Our purchasers’ and their shoppers’ finest pursuits are our core dedication, and our overview course of ensures these pursuits are finest served once we ponder essentially the most up-to-date regulatory steerage and the newest business developments.”
Additional particulars are sparse at this stage, nevertheless many of the dropped tokens are tied to widespread decentralized finance and nonfungible token ecosystems.
The delisted tokens embody: Aave (AAVE), ApeCoin (APE), Avalanche (AVAX), Bancor Community Token (BNT), Fundamental Consideration Token (BAT), Chainlink (LINK), Chiliz (CHZ), Compound Token (COMP), Cosmos (ATOM), Curve DAO (CRV), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), GALA (GALA), The Graph (GRT), Web Laptop (ICP), Loopring (LRC), Maker DAO (MKR), Republic (REN), Stellar (XLM), Sushiswap (SUSHI), Synthetix (SNX), Texos (XTZ), Uniswap (UNI) and Yearn Finance (YFI).
Bakkt announced plans to acquire the unprofitable Apex Crypto in November to achieve a higher toehold within the fintech market that Apex catered to. Apex Crypto, a so-called “turnkey” service carries out execution, clearing, custody, price foundation and tax companies for five million prospects by means of 30 fintech prospects. Bakkt completed the acquisition in April for $55 million in money and $145 million in inventory.
Associated: Bakkt president Adam White announces departure from digital asset platform
Bakkt acquired a broker-dealer license from Bumped Monetary in February, it disclosed in a monetary assertion.
In March, Bakkt shut down its retail-oriented app that supplied crypto buying and selling, loyalty rewards and reward playing cards, saying it could consider B2B operations. Bakkt said on the time that it could present crypto and loyalty to companies by means of SaaS and API options.
Bakkt is majority owned by Intercontinental Trade, which additionally owns the New York Inventory Trade. Its inventory closed down 7% on Could 12.
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