{
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  "documentTitle": "Bakkt | Results Presentation Deck | 30 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 17,
  "pageCount": 30,
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  "slideType": "revenue_buildup",
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      "kind": "chart",
      "text": "CRYPTO SERVICES REVENUES AND RELATED COSTS ($MM)\n$335.3\n$334.0\n$0.7 $0.5\n$0.5 $0.4\n$0.3 $0.3\n$0.4 $0.4\n2Q22 3Q22 4Q22 1Q23 2Q23\nCrypto services gross revenue\nCrypto costs and execution, clearing and brokerage fees",
      "attrs": {
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      "text": "Crypto costs and execution, clearing and brokerage fees\nCrypto costs and execution, clearing and brokerage fees of $334.0mm in line with revenue levels",
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      "text": "Crypto services revenue\nGross revenue of $335.3mm was impacted by lower industry wide activity levels in May",
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      "kind": "paragraph",
      "text": "2Q23 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",
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      "name": "Cost Of Inaction",
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      "evidence": "The deck implies that not using Bakkt's services would result in missed opportunities",
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