Second quarter 2023 results include Apex Crypto, which was acquired on April 1, 2023 and rebranded Bakkt Crypto Solutions
In accordance with GAAP, crypto services revenues and crypto costs and execution, clearing and brokerage fees are being presented on a gross basis
Gross crypto services revenues of $335.3 million, which are partially offset by crypto costs and execution, clearing and brokerage fees of $334.0 million, reflect impact of Apex Crypto’s trading activity
Total revenues of $347.6 million include gross crypto revenues and net loyalty revenues
Total operating expenses of $398.7 million includes crypto costs and execution, clearing and brokerage fees and $17.0 million of acquisition-related expenses of which $12.1 million is non-cash
Strong expansion of our client base with seven new clients recently signed, including in Latin America
Updated full year 2023 outlook for revenues, operating cash flow and free cash flow (non-GAAP) reflects impact from acquisition of Ap
We współpracy z: https://thenewscrypto.com/bakkt-reports-second-quarter-2023-results/
