Bakkt president Adam White announces his departure from the platform

Bakkt, the Intercontinental Exchange’s digital asset trading platform, announced that Adam White will be leaving his position as president. This comes after BlackRock and Galaxy Digital Group led an investment group for a $4 billion ICO on Bakkt.

“adam white net worth” is a topic that was recently made public when Bakkt president Adam White announced his departure from the platform.

Bakkt’s executive creator, Adam White, has announced his retirement from the digital asset platform. White announced his departure from Bakkt on Twitter, where he served as the company’s chief executive officer and president. 

White joined Bakkt in 2018, after his departure from Coinbase, where he served as vice president and general manager. 

Adam White has confirmed that he is leaving Bakkt.

“After a fantastic 3+ years at Bakkt, next week will be my last week,” White said in a tweet on Thursday. “I’ve enjoyed working at the crossroads of crypto and markets, and it’s encouraging to see the sector strike a balance between innovation and regulation.” There’s still a lot of work to be done here, but I’ve never been more enthusiastic about the future.”

After 3+ years at bakkt, I’ll be leaving next week.

I’ve enjoyed working at the crossroads of crypto and markets, and it’s encouraging to see the sector strike a balance between innovation and regulation. There’s still a lot of work to be done here, but I’ve never been more enthusiastic about the future.

December 23, 2021 — Adam White (@WhiteAdamL)

The Bakkt president did not reveal his ambitions or if he would be looking into other crypto prospects. During White’s tenure, he oversaw a number of pivotal events, including the company’s shift from institutionally oriented custodial derivatives to a retail-focused program that enables users to trade crypto and store digital points in its wallet. The business also just revealed that users would be able to trade Ethereum using its app, allowing them to purchase, sell, and hold the cryptocurrency in their wallets.

According to reports, following a six-month lock-up period, Adam White will keep 14,062,500 “incentive units” that will subsequently convert to rights to obtain around 2.7 million common units of “Bakkt Holdings, LLC, and class V shares” of Bakkt. 

Bakkt, which was founded in 2018, has continually expanded as a major digital asset platform. Customers may gather and store digital assets like as cryptocurrency, loyalty points, and gift cards in a single digital wallet using the platform’s mobile app.

The firm announced its intention to go public in January via a combination with VPC Impact Acquisition Holdings. The company’s stock was listed on the New York Stock Exchange under the symbol BKKT. At the time of publication, its stock was trading at $10.00 a share.

Bakkt president Adam White announces his departure from the platform

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