On April 3, blockchain expertise platform Bakkt announcement that it has accomplished its acquisition of Apex Crypto LLC. Beforehand, in November 2022, Bakkt declared he would pay $55 million in money and inventory, price an estimated $145 million on the time, for the deal.
Launched in 2019, Apex Crypto is an built-in buying and selling platform that manages execution, clearing, custody, price foundation and tax providers for its 30 purchasers. The corporate has facilitated $12.5 billion in digital asset buying and selling since its inception. Gavin Michael, CEO of Bakkt, commented on the completion:
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