Bakkt Results Presentation Deck
3Q23 Key performance indicators
Crypto enabled accounts of 6.1mm have continued to increase steadily
Crypto trading volume down 42% QoQ due to lower activity levels from Webull Pay customers
Loyalty redemption volume down 3% YoY driven by lower hotel and rental car redemption activity
Assets under custody of $506mm decreased 23% QoQ due to delisting of coins and change in coin prices
6.5
6.0
5.5
5.0
4.5
$800
$400
$0
5.2
3Q22
CRYPTO-ENABLED ACCOUNTS (MM)
5.6
$481
4Q22
$677
$263
5.8
1Q23
NOTIONAL TRADED VOLUME
Loyalty redemption ($mm) ■Crypto ($mm)
$663
$182
$414
$636
$193
6.0
2Q23
$443
$531
$198
6.1
$334
3Q23
Total crypto mkt ($T)
$4.0
$3.0
$2.0
$1.0
$0.0
2,000
1,500
1,000
500
$800
$600
$400
$200
1,207
683
$0
525
3022
$705
TRANSACTING ACCOUNTS (THOUSANDS)
Loyalty redemption
■Crypto
$366
$176
$191
3Q22
4Q22
1Q23
2023
3Q23
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.
3Q22
1,490
956
534
4022
$496
1,180
687
493
4Q22
1Q23
1,181
ASSETS UNDER CUSTODY ($ MM)
$708
1Q23
740
441
2023
$660
2Q23
1,046
592
454
3Q23
$506
3Q23
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