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Bakkt has announced the assignment of a new CEO

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Bakkt officially announced Today he has appointed a new CEO.

It will be Mike Blandina, who takes the place of Kelly Loeffler, while Adam White will be the new president.

The historic CEO of Bakkt, Kelly Loeffler, ran for elections in the Georgia Senate seat and had to leave his position in the company. Loeffler is also the wife of Jeffrey Sprecher, founder and CEO of Intercontinental Exchange (ICE), the parent company of Bakkt.

Mike Blandina's nomination comes from the Intercontinental Exchange, as does the new president Adam White, with the two operating positions as of December 20.

Blandina joined Bakkt in early 2019 as Product Manager, having also held management positions at PayPal and Google, while White joined Bakkt in 2018, after having held a long-standing management position at Coinbase.

The company has existed for about a year, despite the fact that its fully regulated bitcoin futures contracts only reached the market in September 2019, and in addition to trading futures, it also owns the Bakkt Warehouse, which provides custody services for Bitcoin for institutions.

As a result of his recent commercial register, the company plans to capitalize on this momentum in 2020 with a product roadmap that includes new business options, an expanded offering of custody services and, most importantly, an innovative bitcoin retail payment application that could take BTC to the current principal.

ICE CEO Jeffrey Sprecher commented about the two new decisions saying:

“As CEO, Mike will chart Bakkt's strategic direction, payment products and markets, as well as oversee the company's regulatory and financial performance. His more than 25 years of experience in payments through products, engineering, strategy and operations will continue to serve us well. In his new position as president, Adam will focus on digital asset markets, custody and commerce, as well as Bakkt's strategic direction. Adam's extensive experience in crypto markets, and his work as a founding executive at Bakkt, give him a unique perspective that will help shape our future successes. ”



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