Bakkt Holdings recently announced completing the acquisition of Apex Crypto. Known for unlocking crypto, Bakkt has completed every regulatory approval.
With the acquisition, Bakkt has started an exciting chapter, increasing its crypto roadmap. The technology platform can now tap into 6 million crypto-based accounts. Moreover, the development has established the company as the ideal B2B2C cryptocurrency provider.
The CEO of Bakkt, Gavin Michael, talked about the recent acquisition. According to Michael, the Bakkt team looks forward to welcoming Apex Crypto to the company. Everyone is thrilled to be collaborating to elevate Bakkt’s strategy and growth.
Apex Crypto was created as a turnkey platform for integrated cryptocurrency trading to meet the evolving demands of neobanks, trading apps, and FinTech companies. The company currently provides clients with sophisticated solutions for crypto investment clearance, execution, custody, tax services, and cost-basis facilitation.
Since its launch, the platform has racked up more than 30 prestigious customers and 12.5 billion dollars in cryptocurrency trading. After the acquisition of Apex Crypto, Bakkt will have access to the 220+ international clients that Apex Fintech Solutions serves.
The transaction will make it easier for Bakkt Holdings to offer revenue diversification and become profitable. After scaling its operations, the company will also establish better synergy with more partners. Experts believe the acquisition will also lead to product development and innovation in the crypto field.
Together, Apex Crypto and Bakkt’s capabilities will open up better prospects for serving consumers in the next generation. These opportunities include the possibility of receiving cryptocurrency rewards and joining international circuits through partners.
Since its launch in 2018, Bakkt has been building technology to connect commerce. It aims to connect the virtual economy with one platform for commerce, crypto, and loyalty. Its acquisition of Apex Crypto serves as another milestone toward the goal.
