Bakkt President Adam White announced his withdrawal from the digital asset platform


Adam White, president and founding executive officer of Bakkt, a digital asset company, will leave the company in three years.

On Twitter on Thursday, White Say Next week will mark his departure from Bakkt, where he served as chief operating officer and president. After leaving Coinbase in 2018, White joined Bakkt as Vice President and General Manager. President Bakkt did not disclose his next move or whether he will continue to work in the encryption field.

“I like working at the intersection of crypto + markets, and I’m very happy to see the industry find a balance between innovation and regulation,” White said. “There is still a lot of work to be done here, but we have never been so optimistic about the future.”

Bakkt was launched by the Intercontinental Exchange (ICE) in 2018, and its launch speed seems to be slower than many in the field expected.The platform was originally designed to be before institutions adopt encryption Moving to retail-centric applications And institutional-oriented Bitcoin (Bitcoin) Futures contracts.In addition, the company’s leadership Change hands regularly, CEO includes PayPal veteran Mike Blandina, former U.S. Senator Kelly Loveler, And ICE executive David Clifton.

related: Record-breaking Bakkt Bitcoin delivery exposes institution’s enthusiasm for BTC

In October, Bakkt merged and went public through a special purpose acquisition company VPC Impact Acquisition Holdings.share Trading on the New York Stock Exchange It is priced at $9.45 when it is released under the stock code BKKT, and Soared to more than $30 Later that month. At the time of release, BKKT’s stock price was $9.06.