There has been a lot happening in crypto news recently concerning bear markets and regulations, especially with the banking crisis and the SEC vs. Ripple case, but there have also been some key events that aim to broaden the future of cryptocurrency.
Development is essential for the success of fintech and crypto companies, and as such, many mergers, acquisitions, and partnerships are necessary to facilitate growth and enhance the success of these companies.
Recently, digital asset platform Bakkt and Fintech platform Apex have signed an acquisition agreement that aims to enhance the product offering of Bakkt and allows it to expand its reach into other client areas. In addition, Signuptoken.com has been rapidly growing and is getting closer to its goal of a million subscribers.
Bakkt Meets Apex
Bakkt is a digital asset platform that provides crypto to clients and drives loyalty intending to create exceptional experiences for a broad range of clients. Apex Crypto is the platform for integrated crypto trading and facilitates more than 30 fintech companies and their customers.
The acquisition is designed to expand the client base of Bakkt into fintech, trading app platforms, and neo banks, whilst also enhancing the product offering of the company. Both companies will enter an agreement that stipulates Bakkt will have access to all of Apex Solution’s more than 220 clients and Apex is responsible for delivering Bakkt’s service to them.
The final cost of the deal was $200 million, of which $55 million was paid in cash upon closing the deal, and up to $45 million was paid in Bakkt stock. An additional $100 million will be paid in Bakkt stock and seller notes, but this is dependent on the performance of the business and if it meets its financial targets.
Altogether, this acquisition has set in motion a lot of new opportunities for the companies that are under Apex and Bakkt.
SEC vs. Ripple Continues to Make Waves
The most nail-biting story in crypto news recently has been the SEC vs. Ripple case wherein the Commission filed a lawsuit against the company because they allegedly traded tokens as an unlicensed security to the US and international investors. According to the SEC, any firm that trades as a security must be registered with them and must publicly disclose financial information.
Ripple had undergone the Howey Test and it was concluded by the SEC that Ripple is, in fact, a security. However, Ripple argues that XRP is merely a tool that facilitates international payments and not an unregistered investment product, therefore the SEC has no jurisdiction over them.
The cases seem to be going in favor of Ripple as they state that they did not know the XRP token could be categorized as a security. They argue that, because the SEC did not notify the company of its intentions before filing the suit, Ripple did not have fair notice to rectify the situation.
If the result is in favor of Ripple, it will gain legitimacy in the US market and its price will significantly increase as more investors become accustomed to it. However, a loss will cripple the token as now it will be regulated by an authority and will give the SEC full ground to go after much larger crypto projects.
Signuptoken.com Rapidly Growing
Signuptoken.com is the latest crypto option that is soon to hit the market and it is surprising all investors not only through its easy signup process but also through the speed at which it is growing. Signuptoken.com requires no presale and gives users the simplest way to signup – you only need to use your email address.
In two weeks, the platform has grown from 1,000 to over 3,000, which is a very strong indication of the users’ excitement about the lucrative nature of the token. The platform aims to build a following of 1 million users, which will subsequently create a clan of 1 million millionaires.
The token is not affected by the volatility and unpredictable nature of the regular crypto market so users can afford to believe that their investment is secure until they are ready to receive it.
Here is an opportunity to join the exclusive millionaires club by simply registering with your email. Sign up now and be among the first to get notified when Signuptoken.com goes live.
Final Thought
The fintech and cryptocurrency industry is rapidly growing and will soon become a lot more mainstream than it already is.
Although it is still facing significant teething issues concerning legalities and usage, there will come a time when there will be a lot of adjustments in the market and a subsequent elimination or dissolving of current processes and industries.
Acquisitions, partnerships, and mergers are necessary in ensuring that the growth of the industry is sustainable.
For More Info on Signuptoken.com:
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