Crypto Firm Bakkt Delists Tokens Amid Growing Regulatory Pressure

Crypto firm Bakkt is delisting 25 of the 36 tokens it offers via Apex Crypto, the company confirmed. Bakkt last month acquired custody and clearing firm Apex Crypto, which powers crypto trading for retail brokerage apps including Webull and Public.com. Shares of Bakkt, which is owned by New York Stock Exchange parent company Intercontinental Exchange, closed down 7% on Friday.