Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1
Bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million on lower crypto trading volumes.
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Read full articleBakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million on lower crypto trading volumes.
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The deal marks Kraken's largest acquisition as it pushes into Asian cross-border payments through stablecoin infrastructure.