Apex Fintech is considering acquiring cryptocurrency platform Bakkt, which was spun off from Intercontinental Exchange. This comes after Bakkt acquired Apex's crypto operations in 2022. Bakkt's shares saw a 15% increase in morning trading following the news, generating renewed interest from investors. Despite initially high expectations, Bakkt has struggled to meet its goals and has faced competition from larger rivals. The company shifted to a B2B2C model and acquired Apex Crypto in 2023, but has underperformed and been impacted by regulatory challenges. However, with recent pro-crypto governance and policy transitions in the US, there is hope for Bakkt's future growth.



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