Bakkt reports $854.6M in crypto services revenue for Q1

IconCNT16 May, 2024

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Bakkt reports $854.6M in crypto services revenue for Q1

Bakkt, the crypto platform owned by Intercontinental Exchange (ICE), reported $854.6 million in crypto services revenue in Q1 2023, a 324% increase from the previous quarter. Total operating expenses were $48.8 million, 16% less than the same time last year. Bakkt expects to save $13 million annually from cutbacks and staff restructuring. Previously on 15 May 2024, Bakkt reported $854.6 million in crypto services revenue for Q1 2023.