Crypto firm Bakkt jumps after report Apex Fintech weighing acquisition

Crypto firm Bakkt jumps after report Apex Fintech weighing acquisition

** Shares of crypto trading firm Bakkt jump as much as 28%; last up 21% at $15.60** Apex Fintech is weighing a potential acquisition of BKKT, Axios reports, adding that it was unclear how serious talks are** BKKT did not immediately respond to a Reuters request for comment** BKKT, backed by NYSE-owner Intercontinental Exchange , has a market cap of $176.2 million as of last close - data compiled by LSEG** Last year, Donald Trump's social media company was reportedly in advanced talks to buy BKKT** BKKT had acquired Apex's cryptocurrency platform in a deal valued at up to $200 million in 2023** Founded in 2018, BKKT debuted as a public company in 2021** BKKT shares down 34.9% YTD

Reuters