According to PANews, Bakkt, a digital asset marketplace, has released its financial results for the first quarter ending March 31, 2024. The report shows a total revenue of $854.6 million, marking a 324% quarter-on-quarter increase in the nominal trading volume of cryptocurrencies.
The operational costs stood at $48.8 million, a 16% year-on-year decrease. Furthermore, Bakkt anticipates a reduction of $13 million in operational costs for the entire year. This financial update provides insight into the company's performance and future expectations in the rapidly evolving digital asset market.