Apexa supplier of crypto services for fintechs acquired by Bakkt last year, will now offer only one dozens of digital piecesincluding BTC, ETH and USDC
Due to the tightening of regulation in the United States, Bakktthe digital assets subsidiary of Intercontinental Exchange, announced remove more from the half of the tokens offered on its platform Apex Crypto.
Acquired by Bakkt last fall, Apex Crypto enables fintechs, banks and other financial services companies, to provide access to the cryptocurrency market to their customers.
The 25 tokens removed, out of the 36 originally listed, include AAVE, AVAX, LINK, MKR, XLM, XTZ and UNI, among others. Apex partners will have to inform their users of the news by next month. The company will now offer trading on only 11 tokens, including BTCDOGE, ETH, USDC.
The announcement comes as the U.S. regulator SEC has been attacking many cryptocurrency firms for the past few months, blaming them for violating the securities laws offering trading in securities.
Despite the rebound in Bitcoin’s price this year, the price of Bakkt share on the NYSE is today at its lowest. BKKT has lost more than 80% of its value since its listing in late 2021.
Follow Corners.en on Twitter, Linkedin, Facebook or Telegram to not miss anything.