Cryptocurrency platform Bakkt, owned by Intercontinental Exchange, announced the delisting of a large number of tokens and cryptocurrencies as part of its move away from retail customers.
The list of tokens that will no longer be listed on the platform includes large and popular assets.
These include 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), Fantom (FTM), Filecoin (FIL), GALA (GALA), The Graph (GRT), Internet Computer (ICP), Loopring (LRC), Maker DAO (MKR), Republic (REN), Stellar (XLM), Sushiswap (SUSHI), Synthetix (SNX), Texos (XTZ) and Uniswap (UNI).
“After completing the acquisition of Apex Crypto and as part of our regulatory process to review the list of coins on the platform, we have decided to exclude a number of tokens and coins from our platform.
The interests of our customers and their consumers are our top priority, and as part of our review of the coin list, we try to ensure that these interests are best served.
We incorporate the latest regulatory guidance and industry best practices,” said a company spokesperson.
The platform has not been very popular so far, with Bakkt’s revenue of $13 million in the last quarter..
In February, Bakkt decided to suspend the app for retail users and refocus the business on corporate customers.