Bakkt, the Intercontinental Exchange’s digital asset trading platform, has announced that Adam White will step down from 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.
The executive creator of Bakkt, 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 leaving Coinbase, where he served as vice president and general manager.
Adam White has confirmed he will be leaving Bakkt.
“After a fantastic 3+ years with Bakkt, next week will be my last week,” White said in a tweet on Thursday. “I’ve enjoyed working at the intersection of crypto and markets, and it’s encouraging to see the industry strike a balance between innovation and regulation.” There is still a lot of work to be done here, but I have never been so excited about the future.”
After 3+ years at bakkt I’m leaving next week.
I’ve enjoyed working at the intersection of crypto and markets, and it’s encouraging to see the industry balancing innovation and regulation. There’s still a lot of work to be done here, but I’ve never been more excited about the future.
December 23, 2021 — Adam White (@WhiteAdamL)
Bakkt’s president has not revealed his ambitions or would explore 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 allows users to trade crypto and store digital points in his wallet. The company also just revealed that users can trade Ethereum using the app, allowing them to buy, sell and hold the cryptocurrency in their wallets.
According to reports, after a six-month lock-up period, Adam White will hold 14,062,500 “stimulating units” which will then be converted into rights to acquire approximately 2.7 million common units of Bakkt’s “Bakkt Holdings, LLC and Class V Shares”.
Founded in 2018, Bakkt has continuously grown as a major digital asset platform. Customers can collect and store digital assets such as cryptocurrency, loyalty points and gift cards in a single digital wallet using the platform’s mobile app.
The company announced in January its intention to go public through a combination with VPC Impact Acquisition Holdings. The company’s shares were listed on the New York Stock Exchange under the symbol BKKT. At the time of publication, the stock was trading at $10.00 per share.
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