Bakkt Results Presentation Deck
2023 Crypto services revenue and related costs
2023 results include Apex Crypto, which we acquired on April 1, 2023. In accordance with GAAP, we are presenting
our crypto services revenue and crypto costs and execution, clearing and brokerage fees on a gross basis
Crypto services revenue
• Gross revenue of $335.3mm was impacted
by lower industry wide activity levels in May
Crypto costs and execution, clearing and
brokerage fees
• Crypto costs and execution, clearing and
brokerage fees of $334.0mm in line with
revenue levels
A
Note: All financial data on this slide is unaudited. Bar chart not fit to scale.
$0.7
CRYPTO SERVICES REVENUES AND RELATED COSTS ($MM)
$0.5
2022
$0.5 $0.4
3Q22
Crypto services gross revenue
$0.3
$0.3
$0.4 $0.4
1Q23
$335.3
|
$334.0
4Q22
Crypto costs and execution, clearing and brokerage fees
2023
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