On March 10, Axios reported that Apex Fintech, a fintech company that specializes in embedding stock trading into applications, is considering acquiring Bakkt, a crypto platform originally spun off from Intercontinental Exchange (ICE).
Notably, this potential acquisition comes two years after Bakkt acquired Apex's crypto business for up to $200 million in 2022. At the time, the deal appeared to be driven by strict regulation from the Biden administration.
After the Axios report was published, Bakkt's share price rose by about 15% to $14.86 in morning trading, causing a significant increase in market attention.
Apex Fintech is considering acquiring Bakkt.
2025-03-10 01:44:40
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