Publicly traded crypto firm Bakkt (NYSE: BKKT) posted a net loss of $28.8 million in Q3, versus a net loss of $18 million year-over-year.Additionally, Bakkt had an operating loss of $29.9 million in the third quarter, compared to a loss of $17.7 million year-over-year. Shares fell about 7% in premarket trading after the earnings release.Bakkt posted third-quarter net revenue of … [Read more...] about Bakkt Shares Fall After Crypto Firm Posts Third-Quarter Loss
ThirdQuarter
Coinbase Analysts See Green Shoots After Weak Third-Quarter Results
Coinbase slid as much as 10% Wednesday after reporting third-quarter revenue that fell short of expectations and weaker trading volumes than in the second quarter. Coinbase’s share decline also reflects strength heading into the earnings report amid a rise in crypto prices. The shares pared their drop to trade at $339 by publication time.Some Wall Street analysts are taking a … [Read more...] about Coinbase Analysts See Green Shoots After Weak Third-Quarter Results