Bakkt's first-quarter financial report doesn't look very good.


Cryptocurrency service revenue dropped from $1.07 billion last year to $243 million, a 77% decline, and the company shifted from profit to loss.
The core reason is the decline in trading volume.
Now it no longer solely bets on cryptocurrency trading infrastructure but has started to expand into stablecoin payments and Agentic AI, also acquiring related companies and building cross-regional stablecoin payment networks.
Relying solely on trading fees is becoming increasingly difficult.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin