{"id":506273,"date":"2022-11-04T01:09:56","date_gmt":"2022-11-03T22:09:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/digital-asset-platform-bakkt-set-to-acquire-apex-crypto-for-200m\/"},"modified":"2022-11-04T01:09:56","modified_gmt":"2022-11-03T22:09:56","slug":"digital-asset-platform-bakkt-set-to-acquire-apex-crypto-for-200m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/digital-asset-platform-bakkt-set-to-acquire-apex-crypto-for-200m\/","title":{"rendered":"# Digital asset platform Bakkt set to acquire Apex Crypto for $200M"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34a1520dabd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34a1520dabd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/digital-asset-platform-bakkt-set-to-acquire-apex-crypto-for-200m\/#%E2%80%9D_Digital_asset_platform_Bakkt_set_to_acquire_Apex_Crypto_for_200M_%E2%80%9C\" >&#8221; Digital asset platform Bakkt set to acquire Apex Crypto for $200M &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Digital_asset_platform_Bakkt_set_to_acquire_Apex_Crypto_for_200M_%E2%80%9C\"><\/span>&#8221; Digital asset platform Bakkt set to acquire Apex Crypto for $200M &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMGRmZTNmNzctZWQyYy00MjI4LWE5YWMtYTA4YzlhN2Q2N2M5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>Digital asset platform\u00a0Bakkt\u00a0has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20221103005623\/en\/Bakkt-to-Acquire-Apex-Crypto\">agreement<\/a>, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55million at the closing of the deal. The transaction will likely be completed by the first half of 2023 and is subject to regulatory <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rovals.\u00a0<\/p>\n<p>Launched in 2019, Apex Crypto is a \u201cturnkey platform\u201d dedicated to integrated crypto trading, built with the intention of meeting the increasing demands of more than 30 fintech firms and their growing customers. Apex Crypto was essentially built \u201cto allow investors to transition between trading equities and cryptocurrency by offering efficient account opening and funding solutions\u201d while handling complex crypto-related regulatory and licensing obligations.<\/p>\n<p>Bakkt\u2019s acquisition of Apex Crypto is poised to boost Bakkt\u2019s cryptocurrency product offering and expand its client base to include fintechs, trading app platforms, and neo-banks, providing crypto solutions to Apex\u2019s 220+ clients. The collaborative effort is expected to accelerate product innovation and development for crypto products, such as staking, external transfers, and nonfungible tokens (NFTs). Overall, the deal is expected to bolster and diversify Bakkt\u2019s revenue as it scales its offerings.<\/p>\n<p><strong><em>Related: Bakkt crypto exchange partners with Google for payments. <\/em><\/strong><\/p>\n<p>Launched by the Intercontinental Exchange in 2018, Bakkt first offered BTC futures contracts exclusively to accredited investors. In March 2021, the platform released a payments app allowing users to use crypto to make purchases, designed to \u201camplify consumer spending, reduce payment costs, and bolster merchant loyalty programs.\u201d<\/p>\n<p>Bakkt experienced a seemingly slower rollout than many in the space anticipated. The platform was initially aimed at the institutional adoption of crypto, before shifting to retail-focused apps and institutional-facing Bitcoin (BTC) futures contracts. <\/p>\n<p>In October 2021, Bakkt went public with a merger via a special purpose acquisition company, VPC Impact Acquisition Holdings. At the time of the launch, BKKT shares traded on the New York Stock Exchange for $9.45 but are currently trading at $2.00 at time of publication.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/digital-asset-platform-bakkt-set-to-acquire-apex-crypto-for-200m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Digital asset platform Bakkt set to acquire Apex Crypto for $200M &#8220; Digital asset platform\u00a0Bakkt\u00a0has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55million at&#8230;<\/p>\n","protected":false},"author":1,"featured_media":506274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMGRmZTNmNzctZWQyYy00MjI4LWE5YWMtYTA4YzlhN2Q2N2M5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[87029,74894,117,4965],"class_list":["post-506273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bakkt","tag-blockchain","tag-business","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/506273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=506273"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/506273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/506274"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=506273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=506273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=506273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}