RE: From bake on telegram19 Mar 2025 14:39
The company aims to complete the integration of CAKE with its digital asset arm, GS Fintech, by March 31, 2025.
CAKE chief executive Dr Julian Hosp, meanwhile, added: "The decision to sell Bake to GST was the right one.
“It makes me incredibly happy to see how our incentives have aligned to create a true WIN-WIN for everyone involved.
“With GST now leading the way, we're brimming with excitement about the new opportunities on the horizon. A big thank you to our loyal customers for standing by us every step of the way. Your support has been invaluable in making this transition a success."
The Bake platform, which comprises both a web application and a mobile app, provides tools for cryptocurrency investment, including staking, swaps, and on-ramp solutions. It has approximately 700,000 registered users, 100,000 funded accounts, and $80 million worth of digital assets under custody as of 30 November 2024.