#18 Bakkt. Bakkt to acquire Apex Crypto 11.3.22#2Important notice Unless the context otherwise provides, "we," "us," "our," "Bakkt" and like terms refer (i) prior to October 15, 2021 (the closing date of the business combination), to Bakkt Opco Holdings, LLC (f/k/a Bakkt Holdings, LLC, "Opco") and its subsidiaries and (ii) after October 15, 2021, to Bakkt Holdings, Inc. and its subsidiaries, including Opco. Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding Bakkt's plans, objectives, expectations and intentions with respect to future operations, products, services, the benefits of the combined company's operations, anticipated synergies, the expected timing of the transaction, post- closing commercial arrangements, and the timing and amounts of consideration that Bakkt may pay in the Acquisition, among others. Forward-looking statements can be identified by words such as "will," "likely," "expect," "continue," "anticipate," "estimate," "believe," "intend," "plan," "projection," "outlook," "grow," "progress," "potential" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of Bakkt's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and beyond Bakkt's control. Actual results and the timing of events may differ materially from the results anticipated in such forward-looking statements. You are cautioned not to place undue reliance on such forward- looking statements. Such forward-looking statements relate only to events as of the date on which such statements are made and are based on information available to us as of the date of this presentation. Unless otherwise required by law, we undertake no obligation to update any forward-looking statements made in this presentation to reflect events or circumstances after the date hereof or to reflect new information or the occurrence of unanticipated events. The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in such forward-looking statements: (i) the impact of the ongoing COVID-19 pandemic; (ii) changes in the markets in which Bakkt competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (iii) changes in the markets that Bakkt targets; (iv) risk that Bakkt may not be able to execute its growth strategies, including identifying and executing acquisitions; (v) risks relating to data security; and (vi) the companies being able to obtain the necessary regulatory approvals and otherwise satisfy all closing conditions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described under the heading "Risk Factors" in Bakkt's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. 8 2#3A OUR VISION Connecting the digital economy We power commerce by enabling consumers, businesses and institutions to unlock value from digital assets. 3#4#5ACQUISITION OF APEX CRYPTO / BAKKT® CRYPTO CONNECT Bakkt® Crypto Connect is central to enabling firms to compete in crypto ● Single B2B2C platform for crypto, enabling institutions to quickly implement a crypto strategy with our "as-a-service" platform Connecting crypto to everyday activities for consumers, enabling them to buy, sell and hold crypto through financial institutions they already know and trust • End-to-end support to partners and customers through our differentiated platform capabilities for them to effectively compete in crypto A 9:41 Sort Checking 91****1156 Savings 81*** *2222 Investment Account *7892 Loan Account 2 *95-01 Show all my accounts QUICK LINKS Manage Crypto Accounts Manage my cards St Open an account Manage Alerts Accounts Transfer & Pay all $100,000.61 Avail bal $1,500.00 $88,888.88 Avail bal $3,566.00 Deposit $32,467.19 -$99,837.22 Avail bal -$9.11 More < K $50.00 Crypto Balance Your firm My Crypto BBitcoin $19,265.66 +2.76% Explore More Crypto Ethereum $1,832.21 -2.33% BACKED BY $50.00 000000005 BTC Bakkt. > > BTC Value $ 19,265.66 + 2.8% Today 1D 1W My Total BTC Buy Bitcoin * This product is under development and expected to launch later this year subject to regulatory approval. The images above are illustrative of capabilities that, once launched, can be integrated into partner experiences. 1M 1Y $50.00 0.00000005 BTC Sell 5#6#7ACQUISITION OF APEX CRYPTO Apex Crypto at a glance ● Turnkey platform for integrated crypto trading investing, with significant presence in the fintech industry Owned by Apex Fintech Solutions (AFS), a leader in the fintech industry with 23mm+ accounts and ~$100B in AUC across more than 220 clients End-to-end solutions include execution, settlement, custody and regulatory. Extensive connections to largest liquidity providers provides deep market access and competitive pricing A Note: Financial data through September 30, 2022 $11B+ Notional value traded 31mm+ Total trades on platform ~5mm Crypto-enabled accounts 30+ Coin offerings 30 + Signed fintech partners 220+ Penetrable AFS client base 7#8#9#10#11#12#13