Apex Fintech is considering acquiring Bakkt to address the transformation in the cryptocurrency industry

BlockBeats News, March 10th, Axios reported that Apex Fintech, a fintech company focused on embedding stock trading in apps, is considering acquiring Bakkt, the crypto platform originally spun off by Intercontinental Exchange (ICE).

It is worth noting that this potential acquisition comes two years after Bakkt acquired Apex's crypto business for up to $200 million in 2022. At that time, the deal appeared to be driven by the strict regulatory environment under the Biden administration.

Following the Axios report, Bakkt's stock price rose by about 15% in early trading to $14.86, attracting significant market attention.