Bakkt jumps after quarterly revenue soars, leadership change

Reuters

Bakkt jumps after quarterly revenue soars, leadership change

** Shares of crypto trading firm Bakkt jump as much as 41.8%; last up 14.9% at $10.70** BKKT late Tuesday reported Q4 revenue of ~$1.8 billion, a 737.9% jump from a year earlier, thanks to robust demand for its crypto offerings** Company tapped Akshay Naheta to serve as its co-CEO, alongside current CEO, Andy Main** BKKT is also tying up with Naheta's Distributed Technologies Research to expand its market share in stablecoin payments network** Stock down 56.5% YTD