Read the latest Bakkt news, including platform updates, business strategy, partnerships, regulation, and Bakkt’s role in digital asset markets.
Bakkt revenue fell 70%, while losses from continuing operations and adjusted EBITDA widened, leaving the operating picture weaker.
The 2025 statements recorded €5,315 in other income and €373,857 in cash before the April acquisition.
If concluded, the deal would wind down Bakkt's custody services, which have been struggling to gain traction.
The exchange recently disclosed severe liquidity issues in a regulatory filing and said it was uncertain whether it could continue operating.
Bakkt now supports only 8 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Shiba Inu and Dogecoin.
The company will end support for 25 of the 36 assets it once supported.
The buyout will help Bakkt move forward with its cryptocurrency roadmap.
A new survey showed half of gig workers prefer getting a portion of their payments in crypto despite the winter prices.
A BIS research paper suggests that the process of miners making profits by choosing the sequencing of transactions in a block should be considered illegal.
