Bakkt to delist two-thirds of supported tokens | Keyword Financial

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Bakkt to delist two-thirds of supported tokens

May. 12, 2023

By Mike Dalton

The company will end support for 25 of the 36 assets it once supported.

Bakkt will delist the majority of its previously supported cryptocurrency tokens, The Wall Street Journal reported May 12.

Delisting 25 cryptocurrencies

Bakkt will specifically delist 25 of the 36 assets that it once supported through its recently acquired subsidiary Apex Crypto.

Notable assets that are set for delisting include Avalanche (AVAX), Uniswap (UNI), Chainlink (LINK), Cosmos (ATOM), Stellar (XLM), Internet Computer (ICP), Filecoin (FIL), Tezos (XTZ), and Basic Attention Token (BAT), among others.

A company representative cited recent regulations and changes to the crypto industry as the firm’s reasons for delisting the assets in question.

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Photorealistic 3D render of an industrial vault at night. Dozens of small, insect-like, wheeled, and hovering robots are swarming an open steel safe, which is overflowing with gold and brass tokens. The robots are actively carrying, grappling, and moving the tokens, with some on the safe's rim and others on the floor. The scene is lit by cold fluorescent lights, highlighting the metallic robots and tokens, with motion blur conveying frantic activity.

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