US-compliant crypto exchange Bakkt has delisted 23 cryptocurrencies, including Avalanche and Chiliz.
Regulatory pressures and moves have also managed to affect the crypto leg of the Intercontinental Exchange. The crypto leg of the company, Bakkt, has delisted 23 cryptocurrencies, including important crypto projects.
In the statement made by Bakkt, it was stated that this delisting process took place within the scope of user interests and fundamental commitments.
Bakkt Delisted 23 Cryptocurrencies
US-based cryptocurrency exchange Bakkt has made a new move amid regulatory pressures and market processes. Bakkt announced that it has delisted 23 different cryptocurrencies.
The US-compliant exchange offers spot and futures trading on cryptocurrencies. Among the cryptocurrencies delisted by the stock market, there are many popular altcoins.
Bakkt announced the delist of a lot of tokens including AAVE AVAX BNT BAT LINK CHZ COMP ATOM CRV ENJ FTM FIL GALA GRT ICP LRC MKR REN XLM SUSHI SNX XTZ and UNI. Bakkt is a US-compliant cryptocurrency spot and futures trading platform. https://t.co/aa1ulBzQs2
— Wu Blockchain (@WuBlockchain) May 13, 2023
A spokesperson for the exchange said in a statement to CoinDesk that they care about the interests of customers and the fulfillment of commitments made to customers. The Bakkt official underlined that they are best compliant with regulatory rules and the crypto industry.
The cryptocurrencies delisted by the stock market are as follows; Avalanche (AVAX), Bancor Network Token (BNT), Chainlink (LINK), Aave (AAVE), Basic Attention Token (BAT), Cosmos (ATOM), Enjin Coin (ENJ), Compound Token (COMP), Curve DAO (CRV) ), Filecoin (FIL), The Graph (GRT), Sushiswap (SUSHI), Phantom (FTM), GALA (GALA), Loopring (LRC), Synthetix (SNX), Stellar (XLM), Ren (REN), Tezos ( XTZ), Maker DAO (MKR), Internet Computer (ICP), Uniswap (UNI), Chiliz (CHZ)
The spokesperson of the stock exchange said the following on the subject;
Following the closing of our acquisition of Apex Crypto and as part of our regular cryptocurrency listing review process, we have made the decision to remove some of the cryptocurrencies from the platform.
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