Adam White, the chairman and founder of digital assets firm Bakkt, is leaving the company after three years. And did not reveal what his next move will be. Or will he continue to work in the cryptocurrency industry?
In a post Thursday on Twitter White saidNext week he will leave Bakkt, where he serves as both chief operating officer and chairman, with White joining Bakkt after leaving Coinbase in 2018, where he worked as vice president and general manager.
“I love working at the crossroads of crypto markets and am delighted to see the industry find the right balance between innovation and regulation.”
Launched in 2018 by the Intercontinental Exchange, or ICE, Bakkt was initially aimed at the institutional level of crypto adoption. Prior to the launch of an app for retail users, the company had several CEOs including Mike Blandina of PayPal, former US Senator Kelly Loeffler and ICE chief David Clifton.
In October, Bakkt made its debut to the stock market through a merger through VPC Impact Acquisition Holdings. Its shares traded on the New York Stock Exchange under the ticker symbol BKKT at $9.45 at launch. It rose to more than $30 that month, and at the time of publication, BKKT’s shares were trading at $9.06.
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