Bakkt Results Presentation Deck slide image

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 18
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