The encrypted trading technology service provider Bakkt (NYSE: BKKT) has released its third-quarter earnings report. Revenue reached $402.2 million, a rise of 27 points compared to the same period last year, indicating a steady growth rate. Although it is still operating at a loss, the loss has narrowed from $56.29 million last year to $23.2 million, showing a significant effect in stemming the losses. Adjusted EBITDA reached $29 million, indicating an improvement in the core business operational capacity. Overall, the platform's ability to generate revenue is strengthening, with narrowing losses coupled with revenue growth, and its financial health is moving in a positive direction.