On Apr. 3, blockchain expertise platform Bakkt introduced that it accomplished its acquisition of Apex Crypto LLC. Beforehand, in November 2022, Bakkt acknowledged it might 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 handles execution, clearing, custody, price foundation, and tax companies for its 30 shoppers. The agency has facilitated $12.5 billion in digital belongings trades since inception. Gavin Michael, CEO of Bakkt, commented on the completion:
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