Bakkt, mass delisting ── Ave, Avalanche, Cosmos, Phantom, Filecoin, Maker Dao, Tezos, Uniswap, etc. | coindesk JAPAN | Coindesk Japan
Bakkt, a subsidiary of the Intercontinental Exchange (ICE) in the United States that provides crypto asset services, has decided to sell many crypto assets, including well-known DeFi (decentralized finance) tokens ( virtual currency) was delisted.
The crypto assets that have been delisted are as follows.
Ave (AAVE), Avalanche (AVAX), Bancore Network Token (BNT), Basic Attention Token (BAT), Chainlink (LINK), Chillies (CHZ), Compound (COMP), Cosmos (ATOM), Curve Dao Token (CRV), Enjin Coin (ENJ), Phantom (FTM), Filecoin (FIL), Gala (GALA), Graph (GRT), Internet Computer (ICP), Loopling (LRC), MakerDAO (MKR) ), Republic (REN), Stellar Lumens (XLM), SushiSwap (SUSHI), Synthetics (SNX), Tezos (XTZ), Uniswap (UNI)
“As part of the completion of the Apex Crypto acquisition and our regular coin listing review process, we have made the decision to delist a number of coins on our platform,” a Bakkt spokesperson told CoinDesk.
“The best interests of our customers and their users are our core commitment and our review process ensures that we consider the latest regulatory and industry developments to best serve those interests. I assure you that there is
Bakkt agreed to acquire Apex Crypto in November 2022, with the deal closing on April 1.
Bakkt will acquire Apex Crypto for up to $200 million, according to a spokesperson document. An initial payment of $55 million will be made at closing, followed by up to $145 million in Bakkt shares, depending on Apex’s financial goals through 2025.
The acquisition is part of Bakkt’s effort to shift from individual investors to B2B, which closed its consumer cryptocurrency trading app after just two years.
Bakkt has struggled to gain a foothold in the market and attract traders, with revenue of $13 million last quarter, 10% below analyst expectations.
The stock is up 3.45% year-to-date, but has fallen nearly 40% over the past six months.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Bakkt management team
｜Original: Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap
The post Bakkt, mass delisting ── Ave, Avalanche, Cosmos, Phantom, Filecoin, Maker Dao, Tezos, Uniswap, etc. | coindesk JAPAN | Coindesk Japan appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Damien Martin, @Khareem Sudlow