Chainlink

Cosmos

Avalanche

Internet Computer

Intercontinental Exchange’s crypto business, Bakkt, has announced the mass-delisting of multiple digital assets including prominent DeFi tokens.A spokesperson for Bakkt stated that “following the closing of our acquisition of Apex Crypto and as part of our regular coin listing review process, we have made the decision to delist a number of coins on the platform”, Coindesk <a href="https://www.coindesk.com/business/2023/05/12/bakkt-mass-delists-tokens-including-aave-avalanche-compound-filecoin-makerdao-and-uniswap" rel="noopener noreferrer nofollow">reported</a> on Friday.The company’s representative added that the move was made to ensure that Bakkt’s clients and their consumers’ best interests are served while contemplating the latest industry developments and regulatory guidance.<h2 id="header-0">Delisted tokens</h2>The full list includes these 23 cryptocurrencies that are being removed from the exchange: Aave (<a href="https://finbold.com/cryptocurrency/aave" rel="noopener noreferrer nofollow">AAVE</a>), Avalanche (<a href="https://finbold.com/cryptocurrency/avalanche/" rel="noopener noreferrer nofollow">AVAX</a>), Bancor Network Token (<a href="https://finbold.com/cryptocurrency/bancor-network/" rel="noopener noreferrer nofollow">BNT</a>), Basic Attention Token (<a href="https://finbold.com/cryptocurrency/basic-attention" rel="noopener noreferrer nofollow">BAT</a>), Chainlink (<a href="https://finbold.com/cryptocurrency/chainlink" rel="noopener noreferrer nofollow">LINK</a>), Chiliz (<a href="https://finbold.com/cryptocurrency/chiliz/" rel="noopener noreferrer nofollow">CHZ</a>), Compound Token (<a href="https://finbold.com/cryptocurrency/compound/" rel="noopener noreferrer nofollow">COMP</a>), Cosmos (<a href="https://finbold.com/cryptocurrency/cosmos-hub/" rel="noopener noreferrer nofollow">ATOM</a>), Curve DAO (<a href="https://finbold.com/cryptocurrency/curve-dao/" rel="noopener noreferrer nofollow">CRV</a>), Enjin Coin (<a href="https://finbold.com/cryptocurrency/enjin-coin/" rel="noopener noreferrer nofollow">ENJ</a>), Fantom (<a href="https://finbold.com/cryptocurrency/fantom/" rel="noopener noreferrer nofollow">FTM</a>), Filecoin (<a href="https://finbold.com/cryptocurrency/filecoin/" rel="noopener noreferrer nofollow">FIL</a>), GALA (<a href="https://finbold.com/cryptocurrency/gala/" rel="noopener noreferrer nofollow">GALA</a>), The Graph (<a href="https://finbold.com/cryptocurrency/the-graph/" rel="noopener noreferrer nofollow">GRT</a>), Internet Computer (<a href="https://finbold.com/cryptocurrency/internet-computer/" rel="noopener noreferrer nofollow">ICP</a>), Loopring (<a href="https://finbold.com/cryptocurrency/loopring/" rel="noopener noreferrer nofollow">LRC</a>), Maker DAO (<a href="https://finbold.com/cryptocurrency/maker/" rel="noopener noreferrer nofollow">MKR</a>), Republic (<a href="https://coinmarketcap.com/currencies/ren/" rel="noopener noreferrer nofollow">REN</a>), Stellar (<a href="https://finbold.com/cryptocurrency/stellar/" rel="noopener noreferrer nofollow">XLM</a>), Sushiswap (<a href="https://coinmarketcap.com/currencies/sushiswap/" rel="noopener noreferrer nofollow">SUSHI</a>), Synthetix (<a href="https://finbold.com/cryptocurrency/synthetix-network" rel="noopener noreferrer nofollow">SNX</a>), Texos (<a href="https://finbold.com/cryptocurrency/tezos/" rel="noopener noreferrer nofollow">XTZ</a>), and Uniswap (<a href="https://finbold.com/cryptocurrency/uniswap/" rel="noopener noreferrer nofollow">UNI</a>).Bakkt <a href="https://www.businesswire.com/news/home/20221103005623/en/Bakkt-to-Acquire-Apex-Crypto" rel="noopener noreferrer nofollow">agreed to acquire</a> Apex Crypto in November 2021, and the deal was finalized on April 1, 2022. The acquisition was part of Bakkt’s shift towards B2B and away from retail, as the company had recently closed its consumer <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trading</a> app after two years of operation.The exchange has struggled to gain traction in the market, posting quarterly revenues of $13 million last quarter, 10% below the average analyst estimate. Bakkt’s stock is up 3.45% year-to-date, but down nearly 40% over the last six months.Overall, Bakkt’s move to delist certain tokens is not entirely surprising given the increasing regulatory scrutiny of the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto industry</a>. However, it remains to be seen whether this move will help Bakkt’s business fortunes in the long run.Bakkt is a cryptocurrency exchange and digital assets platform that was launched in 2018 by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) which is designed to make it easier for institutional investors to buy, sell, store, and spend cryptocurrencies like Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>).The platform has partnerships with major companies like Starbucks (NASDAQ: <a href="https://finbold.com/stock/starbucks-sbux-stock/" rel="noopener noreferrer nofollow">SBUX</a>), which allows customers to use Bitcoin to pay for coffee and other products.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Bakkt mass-delists 23 popular tokens, including LINK, AVAX, ATOM, ICP

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