Odaily Planet Daily reported that Bakkt announced its first quarter financial report ending March 31, 2024, with total revenue of US$854.6 million, including total cryptocurrency revenue and net loyalty income; cryptocurrency nominal trading volume increased by 324% month-on-month; total operating expenses (excluding cryptocurrency costs, execution, clearing and brokerage fees) were US$48.8 million, a year-on-year decrease of 16%. The number of accounts supporting cryptocurrencies has increased to 6.3 million, a year-on-year increase of 9%. In addition, by the end of 2024, Bakkt's planned headcount will be reduced by 20%, and Bakkt expects to reduce operating expenses by US$13 million throughout the year. (Businesswire)