TechFlow news, according to Crowdfund Insider, prominent stock trading technology provider Apex Fintech is considering acquiring cryptocurrency platform Bakkt (NYSE: BKKT). Notably, this potential deal comes two years after Bakkt acquired Apex's crypto business for up to $200 million in 2022. Following the report, Bakkt's shares surged approximately 15% in pre-market trading to $14.86.
Bakkt was founded in August 2018 by Intercontinental Exchange (ICE) and previously received backing from companies including Microsoft, Starbucks, and Boston Consulting Group, aiming to manage digital assets through regulated platforms. Although its stock price一度 rose to $42 following a SPAC merger in October 2021, the company has since faced intense competition from rivals such as Coinbase and Binance, and its market capitalization has declined to $175 million.
