Mike Blandina, the former CEO of PayPal and Google, has been appointed as the new CEO of Bakkt, the major cryptocurrency trading platform.
Bakkt Has Two New Appointments as Former CEO Leaves for US Senate https://t.co/zlh88BwVqn * * * * * I love rewards. I love tips too. https://t.co/MTp73QOUPi pic.twitter.com/lv6opijzvO — CryptoGirl news🗯 🚀🌛⚡️ (@CryptoGirl_News) December 24, 2019
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.
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.
<img src="https://i1.wp.com/www.cryptonewspoint.com/wp-content/uploads/2019/12/bakkt-cover.jpg?fit=1024%2C365&ssl=1" alt="" class="wp-image-7638 lazyload" width="454" height="161" />
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