How does Bakkt generate revenue in the cryptocurrency industry?

1 answers

• Frazier BradfordAug 04, 2020 · 5 years ago
  Bakkt, as a leading cryptocurrency exchange, generates revenue through various means in the cryptocurrency industry. One of the primary sources of revenue for Bakkt is transaction fees. Whenever users trade cryptocurrencies on the Bakkt platform, they are charged a small fee, which contributes to Bakkt's revenue. Additionally, Bakkt offers derivative products such as Bitcoin futures, which also generate revenue through trading fees. Furthermore, Bakkt provides a secure custody solution for institutional investors, charging a fee for storing their digital assets. This custody service is highly trusted and contributes significantly to Bakkt's revenue. Lastly, Bakkt offers data and analytics services to help traders make informed decisions, and these services also contribute to its revenue generation. Overall, Bakkt has built a diverse revenue model by offering a range of services in the cryptocurrency industry.
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