zuiixn News, Intercontinental Exchange (ICE)'s digital trading platform Bakkt said in its Q3 2021 earnings release that net revenue increased 38% year-over-year to $9.1 million for the three quarters ended September 30, 2021, primarily due to an increase in its loyalty exchange activity. In addition, operating expenses increased 60 percent to $39 million year-over-year, resulting in a net loss of $28.8 million, Bakkt said, adding that the increase in operating expenses was primarily due to investments in business growth and the completion of a number of transactions.

As previously reported by Chain News, Bakkt completed its merger with blank check company VPC Impact Acquisition Holdings (VIH) in October and went public on the New York Stock Exchange.

zuiixn News, Intercontinental Exchange (ICE)'s digital trading platform Bakkt said in its Q3 2021 earnings release that net revenue increased 38% year-over-year to $9.1 million for the three quarters ended September 30, 2021, primarily due to an increase in its loyalty exchange activity. In addition, operating expenses increased 60 percent to $39 million year-over-year, resulting in a net loss of $28.8 million, Bakkt said, adding that the increase in operating expenses was primarily due to investments in business growth and the completion of a number of transactions.

As previously reported by Chain News, Bakkt completed its merger with blank check company VPC Impact Acquisition Holdings (VIH) in October and went public on the New York Stock Exchange.