Bakkt Results Presentation Deck

2Q23 Key performance indicators Crypto enabled accounts of 6.0mm have continued to increase steadily Crypto trading volume down 25% QOQ, outperformed overall crypto market industry Loyalty redemption volume down 3% YoY driven by lower hotel, rental car and merchandise redemption activity Assets under custody of $660mm increased 3% YoY and declined 8% QoQ due to change in coin prices 8.0 6.0 4.0 2.0 0.0 $1,200 $800 $400 4.9 $0 2022 $1,078 $205 CRYPTO-ENABLED ACCOUNTS (MM) $873 5.2 3Q22 $663 $182 5.6 NOTIONAL TRADED VOLUME Loyalty redemption ($mm) ■Crypto ($mm) $481 4Q22 5.8 $677 $263 1Q23 $636 $193 $443 6.0 2Q23 Total crypto mkt ($T) $4.0 $3.0 $2.0 $1.0 $0.0 $531 $198 $334 2,000 1,500 1,000 500 $800 $600 $400 $200 1,476 676 $0 800 2022 $641 TRANSACTING ACCOUNTS (THOUSANDS) Loyalty redemption ■ Crypto 1,207 683 525 3Q22 $414 2022 2Q22 3Q22 3Q22 4Q22 1Q23 2Q23 Note: Key performance indicators include historical data for Apex Crypto. The operating data on this slide is unaudited. Please refer to the Notes section in this presentation for definitions. Source: The Block; Industry data represents total cryptocurrency exchange volume. 1,490 956 534 4022 ASSETS UNDER CUSTODY ($ MM) $705 $496 1,180 687 493 4Q22 1023 $714 1Q23 1,181 740 441 2023 $660 2Q23 18

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