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Bakkt acquires the Apex Crypto platform

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Bakkt signed a agreement for theacquisition d’Apex CryptoApex Crypto is a turnkey cryptocurrency investment product platform.

Announced on Thursday, the deal, which is subject to regulatory approval, aims to accelerate the development and strengthen the product offering of BakktIntercontinental Exchange’s digital asset platform.

We have found a unique asset in Apex Crypto, which will expand our cryptocurrency customer base, provide us with increased speed to market for new cryptocurrency capabilities and serve as an additional vehicle for ongoing sales to a cryptocurrency-savvy audience through Apex Fintech Solutions,” said Gavin Michael, CEO of Bakkt, in an release.

According to the executive, the final amount (up to $200 million) will be determined based on the future performance of Apex Crypto, Bakkt is well positioned to become a “cryptocurrency provider of choice for financial institutions, fintechs and investors.” In addition, following the acquisition, we learn that Bakkt may offer new NFT-focused services.

Launched in 2019 by. Apex Fintech SolutionsThe Apex Crypto platform enables fintechs to easily and seamlessly integrate cryptocurrency investment products into their offering.

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