The Inter-Continental Exchange (ICE), the parent company of the New York Stock Exchange and the entity that runs the global financial and commodities markets ventured into the cryptocurrency market with a digital asset coined as Bakkt. Scheduled to be launched in November, the platform is busy recruiting its army of experts both from traditional and crypto industries. In their most recent stint, they have recruited Adam White, a former employee of Coinbase.
Not just any employee, White is moderately famous in the crypto industry as being the fifth employee to ever join Coinbase. He was a crucial part of the San-Fransisco base exchange and will now help Bakkt grown in the capacity of a COO. A Coinbase loyalist since 2013, White has had indicated his exit earlier this month.
His job profile at his previous company included inviting and intriguing Wall Street investors towards the crypto world. His word did indeed take Coinbase into the New York economy, providing assistance in brokering smart contracts and making trades. White was the one who roped in Christine Sandler, former global head of sales at NYSE Euronext, and Eric Scro, former head of finance at NYSE.
The update has come from the chief executive officer of Bakkt, Kelly Loeffler. The key agenda of Bakkt is to evolve as an “ecosystem for digital assets, the platform has collaborated with biggies like Microsoft and Starbucks for the same. They will start off with the trading of bitcoin futures product, though there isn’t a launch date yet. As of yet, Bakkt’s team is still small and only a client firms tied in with the project so far.