Bakkt Snatches Adam White From Coinbase To Serve As COO

It really seems that Bakkt, the new cryptocurrency startup that seeks to reinvigorate the digital assets market by offering investors a global and regulated solution to all that has to do in crypto, is making big waves across the institutional work move. Much like blockchain related industries have been snatching talents from traditional financial enterprises, this new conglomerate is getting serious about their future workforce and wants to secure players that are efficient and also have already moved in the dynamical world of cryptocurrencies.
Proof of this is that they have managed to snatch one of the first employees of Coinbase, one of the most prolific cryptocurrency services in the US. Adam White, who had recently resigned from Coinbase has been confirmed to join the ranks of the soon-to-be-behemoth of the crypto space, according to information of the internet blog The Blokt.
Adam White was only the fifth employee of Coinbase, in their humble beginnings when they were only a micro startup running in a room. Adam grew in Coinbase and came to be the one in charge of the institutional relationships, making great strides and striking big changes in the company policy to gain the trust of institutional investors.
This move goes to show what Bakkt means for the cryptocurrency market, striking such confidence in well-established executives of another firm to leave their posts and start building new things in a new, not known environment. Adam White will now work as COO of this new startup, reporting directly to the CEO, Kelly Loeffler.
Adam White is expected to do the same work that he had done in the past with Coinbase: Help to strike institutional partners for the firm to grow in that important market. But it seems that they have done this way in advance. Bakkt already has the trust and support of industry giants like Microsoft and even Starbucks. Still, they will have to rush to get all ready for its launch this November, a thing that looks rather difficult for a company put together just a month ago.
For some, Bakkt’s appearance in the market was an answer to the negative of the SEC (Securities and Exchanges Commission) to allow bitcoin EFTs to be launched citing market manipulation as the most important worry. So they will offer physically backed and stored cryptocurrency futures as a substitute of ETFs, and to them, Adam could an important part of the team that will fuel this idea to success.

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