Bakkt President Adam White Will Be Leaving The Company

The Bakkt President Adam White will be leaving the company and announced the next week would be his last so let’s read more in our latest cryptocurrency news.

Bakkt President Adam White announced he is leaving the company and his future plans remain a mystery. White announced his departure in a tweet and showed satisfaction with the crypto industry’s maturation from a regulatory point of view. He said:

“Lots of work still to do here but never been more optimistic about the future.”

Bakkt is a digital asset manager which started out by helping institutions hold cryptocurrencies among other things. It even got involved with more retail-oriented products like a mobile app that allows users to load their Starbucks cards using BTC. Bakkt started allowing his clients to hold, buy and sell ETH. But before working at Bakkt, White was a VP and General Manager at Coinbase for a few years. The CEO Gavin Michael noted:

“White’s deep expertise in crypto and a commitment to execution and innovation will be sorely missed.”

As recently reported, Bakkt Holdings partners with Manasquan Bank to offer its clients crypto services. The New-Jersey-based Manasquan Bank will take part in Bakkt Holdings’ early adopted program and when effective, it will enable the customers of the institution to buy, sell and hold crypto. According to the press release, Bakkt Holdings partnered with the bank and its project is anticipated to launch in the second quarter of 2022 and the platform will provide an entry point to adopt crypto to retail clients of the Manasquan Bank. The early adopter program got effective, the users will be able to purchase, sell and hold BTC as well as other coins via the bank’s mobile app.

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

James Vaccaro as the President and CEO of Manasquan Bank said his company is mainly focused on driving growth and introducing new features to the clients that they can join the digital financial world. He stated that the collaboration with Bakkt came at the right time when the customers were looking for other ways to enter the crypto.
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Bakkt Holdings is among the leading platforms, the company joined the likes of Coinbase and the shares listed on the New York Stock Exchange and started trading under the ticker symbols BKKT and BKKT WS.