Bakkt completes $200M acquisition of Apex Crypto By Cointelegraph
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On Apr. 3, blockchain technology platform Bakkt announced that it completed its acquisition of Apex Crypto LLC. Previously, in November 2022, Bakkt stated it would pay $55 million in cash and stock, worth an estimated $145 million at the time, for the deal.
Launched in 2019, Apex Crypto is an integrated trading platform that handles execution, clearing, custody, cost basis, and tax services for its 30 clients. The firm has facilitated $12.5 billion in digital assets trades since inception. Gavin Michael, CEO of Bakkt, commented on the completion:
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On Apr. 3, blockchain technology platform Bakkt announced that it completed its acquisition of Apex Crypto LLC. Previously, in November 2022, Bakkt stated it would pay $55 million in cash and stock, worth an estimated $145 million at the time, for the deal.
Launched in 2019, Apex Crypto is an integrated trading platform that handles execution, clearing, custody, cost basis, and tax services for its 30 clients. The firm has facilitated $12.5 billion in digital assets trades since inception. Gavin Michael, CEO of Bakkt, commented on the completion:
Continue Reading on Coin Telegraph
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