Bakkt, the crypto business of Intercontinental Exchange, has announced the delisting of 23 digital assets, including popular DeFi tokens, following its acquisition of Apex Crypto. The move was made as part of Bakkt's regular coin listing review process and to ensure the best interests of its clients and their consumers are served while considering the latest industry developments and regulatory guidance. Bakkt's shift towards B2B and away from retail is evident in its acquisition of Apex Crypto, and the closure of its consumer crypto trading app after two years of operation. The delisting of certain tokens is not entirely surprising given the increasing regulatory scrutiny of the crypto industry, but it remains to be seen whether this move will help Bakkt's business fortunes in the long run.
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