{"id":76633,"date":"2023-04-03T18:27:54","date_gmt":"2023-04-03T15:27:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76633"},"modified":"2025-09-10T18:31:00","modified_gmt":"2025-09-10T15:31:00","slug":"bakkt-completes-acquisition-of-apex-crypto","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bakkt-completes-acquisition-of-apex-crypto\/","title":{"rendered":"Bakkt completes acquisition of Apex Crypto"},"content":{"rendered":"<p>Bakkt, the institutional platform, announced that it had completed the acquisition of Apex Crypto, the crypto subsidiary of Apex Fintech Solutions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"tl\" dir=\"ltr\">Bakkt completes acquisition of Apex Crypto <a href=\"https:\/\/t.co\/BSNZv7ral2\">https:\/\/t.co\/BSNZv7ral2<\/a> <a href=\"https:\/\/t.co\/uBapbvXvqx\">pic.twitter.com\/uBapbvXvqx<\/a><\/p>\n<p>\u2014 Bakkt (@Bakkt) <a href=\"https:\/\/twitter.com\/Bakkt\/status\/1642876535462920193?ref_src=twsrc%5Etfw\">April 3, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the press release, the parties obtained all necessary approvals from regulatory authorities.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This acquisition marks an exciting new chapter for Bakkt, significantly advancing part of our roadmap in the cryptocurrency space,&#8221; said Bakkt&#8217;s CEO Gavin Michael.<\/p>\n<\/blockquote>\n<p>The deal is expected to enable Bakkt to diversify revenues, accelerate innovation and product development, offering &#8220;more advanced crypto solutions&#8221;.<\/p>\n<p>Apex Crypto is an integrated platform for cryptocurrency trading that provides trade execution, clearing, custody services, and tax calculations. The platform supports more than 30 digital assets.<\/p>\n<p>In November 2022, Bakkt announced signing a definitive agreement to acquire the crypto subsidiary <a href=\"https:\/\/forklog.com\/en\/news\/bakkt-to-buy-apex-crypto-platform-for-200-million\">for $200 million<\/a>.<\/p>\n<p>In September, Apex became a partner of Revolut as part of Revolut&#8217;s initiative to <a href=\"https:\/\/forklog.com\/en\/news\/revolut-expands-the-range-of-crypto-assets-offered-to-us-customers\">expand supported cryptocurrencies<\/a> for US users. Prior to this, the fintech startup had ended its collaboration with Paxos.<\/p>\n<p>Earlier in March, Bakkt <a href=\"https:\/\/forklog.com\/en\/news\/bakkt-to-close-consumer-focused-business-in-favour-of-b2b-solutions\">announced the discontinuation of<\/a> its consumer app for retail investors. Users will be able to access a new web interface via Apex Crypto.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bakkt, the institutional platform, announced the completion of the acquisition of Apex Crypto, the crypto subsidiary of Apex Fintech Solutions.<\/p>\n","protected":false},"author":1,"featured_media":76634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[780,1235],"class_list":["post-76633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bakkt","tag-mergers-and-acquisitions"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76633"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76633\/revisions"}],"predecessor-version":[{"id":76635,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76633\/revisions\/76635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76634"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}