v3.26.1
Related Parties - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2025
May 15, 2025
Mar. 27, 2025
Mar. 17, 2025
Aug. 12, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2025
Sep. 29, 2025
Jun. 29, 2025
Jun. 18, 2025
Mar. 30, 2025
Sep. 29, 2023
Related Party Transaction [Line Items]                            
Related party fees payable           $ 200                
Related party fees paid           200                
Loss on disposition of assets           0 $ 0 $ 75            
Related party expenses           0 600 3,902            
Total revenues           2,335,243 3,441,056 726,988            
Line of Credit | ICE Credit Facility                            
Related Party Transaction [Line Items]                            
Line of Credit Facility, Maximum Borrowing Capacity         $ 40,000       $ 40,000 $ 30,000 $ 20,000   $ 10,000  
Debt Instrument, Annual Increase In Interest, When Interest Is Elected To Be Paid-In-Kind         1.00%                  
Debt Instrument, Interest Rate In Event Of Default         2.00%                  
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage         0.50%                  
Interest Expense, Debt           200 0              
Debt instrument, interest rate                       16.30%    
Proceeds from Long-Term Lines of Credit     $ 5,000                      
Line of Credit | ICE Credit Facility | Secured Overnight Financing Rate (SOFR)                            
Related Party Transaction [Line Items]                            
Debt Instrument, Basis Spread on Variable Rate         12.00%                  
Line of Credit | ICE Credit Facility | Prime Rate                            
Related Party Transaction [Line Items]                            
Debt Instrument, Basis Spread on Variable Rate         11.00%                  
Distributed Technologies Research Global Ltd ("DTR")                            
Related Party Transaction [Line Items]                            
Commercial Agreement, Term 3 years                          
Related Party                            
Related Party Transaction [Line Items]                            
Other current liabilities           0 2,360              
ICE | Related Party                            
Related Party Transaction [Line Items]                            
Proceeds from outstanding equity interests       $ 1,500                    
Assumption of regulatory capital requirements       $ 3,000                    
Loss on disposition of assets   $ 2,300                        
ICE | Transition Services Agreement | Related Party                            
Related Party Transaction [Line Items]                            
Related party expenses           0 0 2,800            
Other current liabilities           0 2,200              
IFUS | Triparty Agreement | Related Party                            
Related Party Transaction [Line Items]                            
Total revenues           0                
ICUS | Triparty Agreement | Related Party | Bakkt Trust                            
Related Party Transaction [Line Items]                            
Default resource contribution                           $ 15,200
Apex (Bakkt Crypto) | Transition Services Agreement | Related Party                            
Related Party Transaction [Line Items]                            
Related party expenses           0 600 $ 1,100            
Other current liabilities           $ 0 $ 200