Tags: Bakkt

In another boost for the crypto industry, Donald Trump’s social media firm is reportedly in talks over the acquisition of Bakkt.

Bakkt’s shares closed at $0.6 on Wednesday, with a market cap of around $80M, down from $40 per share in October 2021.

The ICE-backed exchange has announced that it is struggling to stay afloat.

Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28.

Bakkt revealed it signed new custody clients and is engaged in late-stage negotiations with multiple prospects across broad client verticals.

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Bakkt Is Delisting Solana, Polygon and Cardano Citing Regulatory Uncertainty: Fortune

Bakkt reportedly suspended trading of Solana, Polygon, and Cardano -- tokens the U.S. SEC recently deemed securities.

Bakkt’s chief product officer, Dan O’Prey, expressed his optimism about the future of Bitcoin and the company’s outlook on regulated markets when he chatted with Cointelegraph at Bitcoin 2023.

Bakkt Crypto Platform for Institutional Investors Delists Several Digital Assets – Which Cryptos Are Facing the Axe?

The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.”

Bakkt leadership (Bakkt)

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Apex Crypto has brokered $12.5 billion in crypto trades since inception.

Users will be able to manage their assets over the web after March 16.