Bitcoin futures provider Bakkt has completed a $200m acquisition of crypto custodian and maturity provider Apex Crypto. Since being founded in 2018, Apex Crypto has executed $12.5bn worth of cryptocurrency trades. The acquisition is part of Bakkt's plan to build a more traditional financial institution model, with the firm recently announcing it intends to become publicly traded via a SPAC merger. https://cointelegraph.com/news/bakkt-completes-200m-acquisition-of-apex-crypto