Bakkt Fully Shifts to Stablecoin Business

U.S. cryptocurrency service company Bakkt announced its financial results for the first quarter (January to March) of the year on the 11th. The revenue for the period was $240.36 million, a significant decrease of approximately 77% from $1.0658 billion in the same period last year. The net loss for the quarter was $11.7 million, a downturn from a net profit of $7.7 million in the previous year, marking a shift to a deficit. The loss per share was 0.4...