Andy Main, Bakkt’s incoming president, said the company’s strengthened balance sheet erases previous doubts about its ability to continue.
Crypto custody and trading company Bakkt has published its quarterly report, recording a full-year total revenue of $780.1 million for 2023.
Bakkt said that in the fourth quarter of 2023 alone, it had earned a total revenue of $214.5 million. This includes its gross crypto and net loyalty revenues.
The report highlighted that Bakkt’s acquisition of Bakkt Crypto (formerly Apex Crypto) drove the increase in its gross crypto services revenues.
