NYSE-listed cryptocurrency custody and trading platform Bakkt posted $780 million in total revenue but $226 million in net loss in 2023, according to its financial report published Monday. Overall, its net loss last year decreased 89% compared to the full year of 2022.
It also saw a 49% year-over-year decrease in notional traded volume, due to lower industry-wide volume and decreased activity from users on Webull Pay, its partner payment app.
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