GSTechnologies Limited (LON:GST) today announced the successful completion of the acquisition of the business and assets of Cake Pte Ltd and Cake DeFi UAB, including the Bake Cryptocurrency Platform.
GS Fintech UAB, a wholly owned subsidiary of GST, has paid the cash consideration, funded entirely from the company’s own resources.
The Bake Cryptocurrency platform, which includes the Bake.io web application and Bake mobile app, is a digital asset investment platform that offers users simple and direct access to the cryptocurrency market. With features such as staking, swaps, and on-ramp solutions into crypto, Bake provides innovative and user-friendly tools for investing in the cryptocurrency ecosystem.
CAKE currently has approximately 700,000 registered users, 100,000 funded users and 50,000 users holding…
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