[2018-10-12] Top Coinbase’s Exec. Adam White is joining Bakkt as COO

[ICOTelegraph]

➡Top Coinbase’s Exec. Adam White is joining Bakkt as COO

^{Adam White, one of the main Coinbase's employees, now joins Bakkt, the cryptocurrency venture at ICE (NYSE owner)}


Bakkt, the complex cryptocurrency trading platform, was firstly announced in early August. It belongs to the Intercontinental Exchange (ICE), which is the owner of one of the largest stock exchanges in the world, the New York Stock Exchange (NYSE). Microsoft, BCG, Starbucks and other large companies also take part in the creation of Bakkt (the platform will appear in November).

Probably, Bakkt all also intend to attract "their" people from the cryptocurrency industry. This time it is Adam White, Coinbase’s head of the Institutional, which now will be the company`s COO (Chief Operating Officer).

Bloomberg also confirmed this information earlier, but there were no additional details from the company. A spokesman at Coinbase expressed that it's hard for them to see White leave:

«While we’re extremely sad to see him go, we’re also confident in that group’s ability to keep executing on the vision that he laid out to be the most trusted venue for institutional investors to trade cryptocurrencies.»

See also: Coinbase is shutting down its index-fund. Now the exchange working on the new service called “Coinbase Bundle”, which will allow users to buy something like an index of coins listed on its exchange (looking at the Circle's example).
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[Slow death]

Bloomberg also confirmed this information earlier, but there were no additional details from the company.

Why do not they want to give details? when I read this news on a certain news channel they claimed that the source was someone from within the coinbase, ie rumor, gossip whatever and now Bloomberg confirm this news, but there is no confirmation from the side of the coinbase. Why the news channels first do not go to the source (in the case coinbase) to listen to their side and then publish the news? it would be more credible if they did so.

[gentlemand]

It's deeply unsurprising Coinbase is closing their index fund with no takers. No way would any finance professional take that offering seriously.

In a way I'm quite glad no one's talking about Bakkt. The less expectations there are, the bigger the possibilities if it actually goes places. With boredom levels this high I don't think we'll see any fireworks. I hope they've accounted for that.

[Kakmakr]

It's deeply unsurprising Coinbase is closing their index fund with no takers. No way would any finance professional take that offering seriously.

In a way I'm quite glad no one's talking about Bakkt. The less expectations there are, the bigger the possibilities if it actually goes places. With boredom levels this high I don't think we'll see any fireworks. I hope they've accounted for that.

On the contrary, we need a lot more hype about Bakkt to get it supported. Once institutional investors get a taste for Crypto currency investments, more people will follow.

Bakkt must be the foot in the door, for the rest to follow. It also legitimizes Bitcoin in the eyes of institutional investors and that is beneficial for everyone. I honestly feel, we must strike the iron whilst it is still hot.