Apex Fintech is considering acquiring Bakkt to cope with changes in the crypto industry

Odaily Planet Daily News On March 9, Axios reported that Apex Fintech, a fintech company focused on embedding stock trading into applications, is considering acquiring Bakkt, a crypto platform originally spun off from the Intercontinental Exchange (ICE). It is worth noting that this potential acquisition comes two years after Bakkt acquired Apex's crypto business for up to $200 million in 2022. At the time, the deal appeared to be driven by strict regulation by the Biden administration. After the Axios report was released, Bakkt's stock price rose by about 15% in early trading to $14.86, and market attention increased significantly.