In a recent development, the digital asset firm Bakkt delisted 25 tokens used in decentralized finance transactions from its trading platform, Apex Crypto. Bakkt acquired the platform in 2022 with 36 tokens, now 11 after the overhaul exercise.
According to the firm, its reasons for delisting the tokens was to follow “up-to-date regulatory guidance.”
25 Tokens Failed Bakkt Coin Listing Review Process
Bakkt performed its normal coin listing reviews, after which it removed 25 tokens from the platform.
A Bakkt representative said the company aims to protect its customers’ best interests. As such, the review process focuses on how to serve those interests based on the latest industry developments and up-to-date regulatory guidance.
As of press time, the firm hasn’t released more details on the action. But the tokens were major ones that facilitated DeFi transactions.
These tokens include Aave (AAVE), Bancor Network Token (BNT), ApeCoin (APE), Basic Attention Token (BAT), Avala
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