Bakkt's platform delists a large number of public chain and DeFi tokens, spokesperson: Due to regulatory considerations

The Bitcoin futures trading platform Bakkt, owned by Intercontinental Exchange (ICE), stated that the delisting of certain cryptocurrencies was a decision made based on the latest regulatory guidelines and industry developments. No further details were provided.

Bakkt's Platform Delists Numerous Public Chain and DeFi Tokens

The delisting pertains to the trading platform Apex Crypto, acquired by Bakkt in November 2022.

While Bakkt and Apex Crypto have not issued an official announcement, many media outlets have listed the tokens removed from Apex Crypto. Does this foreshadow future regulatory trends?

Public Chains

• Texos XTZ

• Stellar XLM

• Fantom FTM

• Loopring LRC

• Cosmos ATOM

• Avalanche AVAX

• Internet Computer ICP

DeFi

• Aave AAVE

• Uniswap UNI

• Synthetix SNX

• Curve DAO CRV

• Maker DAO MKR

• Sushiswap SUSHI

• Compound Token COMP

• Bancor Network Token BNT

Other Projects

• Chiliz CHZ

• Filecoin FIL

• GALA GALA

• Republic REN

• Enjin Coin ENJ

• Chainlink LINK

• The Graph GRT

• Basic Attention Token BAT

Bakkt Spokesperson:

The Bakkt spokesperson seemed to imply that this decision aligns with the latest regulatory guidance. Speaking to CoinDesk, they stated:

Following the acquisition of Apex Crypto, we have decided to remove tokens from the platform as part of our regular listing review process. Our review process ensures that users and consumers benefit most from considering the latest regulatory guidance and industry developments.