Bakkt, the cryptocurrency branch of Intercontinental Exchange, will delist altcoins, including some key DeFi tokens, due to regulatory pressures in the US.
The altcoins that the company announced that it will delist are:
- AAVE (AAVE)
- Avalanche (AVAX)
- Bancor Network Token (BNT)
- Basic Attention Token (BAT)
- Chainlink (LINK)
- Chiliz (CHZ)
- Compound Token (COMP)
- Cosmos (ATOM)
- Curve DAO (CRV)
- Enjin Coin (ENJ)
- Phantom (FTM)
- Filecoin (FIL)
- GALA (GALA)
- The Graph (GRT)
- Internet Computer (ICP)
- Looping (LRC)
- Maker DAO (MKR)
- Republic (REN)
- Stellar (XLM)
- Sushiswap (SUSHI)
- Synthetix (SNX)
- Texos (XTZ)
- Uniswap (UNI)
A spokesperson for the company said:
“Following the completion of our acquisition of Apex Crypto and as part of our regular coin listing review process, we have made the decision to delist some coins on the platform.
The interests of our customers and consumers are our primary responsibility, and our review process ensures that these interests are best served when we take into account the most up-to-date regulatory guidelines and the latest industry developments.”
Bakkt is a company that provides technology solutions for crypto and loyalty products. It works with partners in financial services, hospitality, gaming and travel to give customers more options to buy, sell, hold and use crypto and loyalty currencies.
*Not investment advice.