Bakkt Delisting Frenzy: AVAX, LINK, FTM, and 20 Other Altcoins Suffer the Consequences
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Bakkt, a crypto trading and services company owned by the financial exchange operator Intercontinental Exchange is delisting several major cryptocurrencies. In total, the firm is cutting support for 23 digital assets. These include a number of prominent DeFi tokens such as UNI and AAVE. Other well-known cryptocurrencies have also been dropped by Bakkt. These include ENJ, XLM, and XTZ to name a few. Bakkt Delisting Reflects Pivot From Retail to B2B The news that Bakkt will delist a number of altcoins follows the firm’s announcement in April that it has completed its acquisition of Apex Crypto. In a press release
Bakkt, back in 2018, was the first traditional financial company to want to offer derivatives on the Stock Exchange to allow indirect investments in BTC. At the time, there was still no spot Bitcoin ETF in the USA, and Bakkt, which was owned by the New York Stock Exchange (ICE),…
More and more customers of traditional banks and financial institutions are seeking ways to retain their monetary freedom and find new methods of investing. Crypto’s popularity is growing steadily... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…