Bakkt Delists 19 Tokens
Bakkt, a US-compliant cryptocurrency spot and futures trading platform, announced today that it will be delisting 19 tokens from its platform. The tokens that will be delisted include:
The delistings will take effect on May 31, 2023. In a statement, Bakkt said that the decision to delist the tokens was made after careful consideration of a number of factors, including the tokens’ trading volume, liquidity, and compliance with US regulations.
Bakkt is a subsidiary of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. The platform was launched in 2019 and offers a variety of products and services for trading, storing, and hedging cryptocurrencies.
The delisting of the 19 tokens is a significant move for Bakkt and could have a major impact on the cryptocurrency market. It remains to be seen how the delistings will affect the trading volume and liquidity of the tokens that are being removed from the platform.