Especially with physical security Bitcoin (BTC) It has become one of the most recognizable companies in the crypto money industry, making an incredible sound with its futures. Bakkt, is on the agenda with a great deal of separation. He is also the 5th employee of Coinbase, the largest cryptocurrency exchange in the USA. Adam White, In his statement yesterday, he officially stated that he would leave Bakkt.
White Leaves Bakkt
White emphasized that after more than 3 years of work, next week, in fact, 2021 will be the last week of Bakkt. Stating that he enjoys working in a company at the intersection of crypto money and markets, White also underlined that there is much more to be done here.
After a great 3+ years at bakkt, next week will be my last
I’ve loved working at intersection of crypto + markets and good to see the industry finding the balance between innovation & regulation. Lots of work still to do here but never been more optimistic about the future 🌕
— Adam White (@WhiteAdamL) December 23, 2021
It is not yet known whether White’s departure is to move to another position in the industry. According to a statement made to the US Securities and Exchange Commission (SEC) by Bakkt’s current CEO, Gavin Michael, Michael will serve as interim chairman after President White’s departure.
While Bakkt was only institutional investor oriented when it was first launched, it gradually became individual user oriented under White’s management. The company also launched its own application, but despite all these efforts, it seems that the company continued on its way with a loss of $ 28.8 million in the third quarter. Perhaps the reason that forced the Bakkt Chairman to resign was the company’s loss in the last quarter. While there’s no sure way to know, White’s departure from Bakkt certainly marks the end of an era.