Former PayPal and Google Veteran ‘Mike Blandina’ Appointed As The New CEO Of Bakkt
Former PayPal and Google Veteran ‘Mike Blandina’ Appointed As The New CEO Of Bakkt
December 25, 2019
Former PayPal and Google Veteran ‘Mike Blandina’ Appointed As The New CEO Of Bakkt
Former PayPal and Google Veteran ‘Mike Blandina’ Appointed As The New CEO Of Bakkt
December 25, 2019

Mike Blandina, the former CEO of PayPal and Google, has been appointed as the new CEO of Bakkt, the major cryptocurrency trading platform.

On December 23, it has been reported that after the departure of Kelly Loeffler, the founding CEO, who was appointed to a United States Senate seat in early December, Blandina has now been promoted to CEO position as he joined Bakkt as the Chief Product Officer in April 2019.

However, alongside the new CEO, Bakkt has also appointed Adam White, a former executive at Coinbase, the major U.S. crypto exchange, as the new President of the company. White has been serving at Bakkt as Chief Operating Officer since joining the company in November 2018.

The announcement notes that the executive is also known for starting his career testing experimental aircraft as an Officer in the U.S. Air Force.

ALSO READ :  Changpeng Zhao Suggests Bitcoin’s Price Has Not Yet Adapted To The Upcoming Block Reward Halving

Jeffrey Sprecher, the Founder and CEO of ICE said in the statement that while Blandina will continue to chart Bakkt’s strategic direction, payment products, and markets, as well as regulatory issues, as Bakkt’s new President, White will be focusing on digital asset markets, custody and trading.

Likewise, Loeffler was appointed by Brian Kemp, the Governor of Georgia, to replace retiring Sen. Johnny Isakson on December 4.

As it has been reported, Loeffler is expected to take office on January 1, 2020, the day after Isakson steps down.

Moreover, the news comes after Bakkt set a new volume record of 6,226 physically delivered Bitcoin (BTC) futures contracts traded at ICE Futures U.S.

Thus, according to Coin360, the new record is an increase of over 25% from the company’s previous record of 5,600 BTC and is worth around $47 million at press time.

Source: ir.theice.com | cointelegraph.com


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Coinbase Active Users Increase By 120%

Coinbase Active Users Increase By 120%

The active users of Coinbase, the major cryptocurrency exchange, have increased by 120%, while trade volumes tripled. It has been reported according to documents filed with the US Securities and Exchange...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.