Adam White is reportedly joining Intercontinental Exchange’s (ICE) crypto trading platform, Bakkt. White was the former head of institutional platform group at the Coinbase exchange. He quit Coinbase in early October this year and declined to make any comment on his decision. Bakkt has hired Adam White as its Chief Operating Officer. When he had left Coinbase, a spokesperson of the exchange had then said that the company was quite sad to see him go.
The Intercontinental Exchange had first announced Bakkt in August. The ICE is also the operator of the New York Stock Exchange (NYSE). The Bakkt platform has been developed in partnership with Starbucks and Microsoft.
Adam White has been associated with the Coinbase crypto trading platform for almost five years. He was, in fact, the exchange’s fifth ever employee who joined the team when Coinbase used to operate from a one-bedroom apartment and Bitcoin (BTC) was trading at around $200. During his tenure at Coinbase, the exchange deployed a series of services targeted at big institutional clients such as an index fund and custodian services.
In the last couple of months, the Coinbase exchange has made a number of high-profile hires. For instance, in September the exchange hired Biran Brooks, former General Counsel, Fannie Mae, as its new Chief Legal Officer. It also welcomed onboard Chris Dodds, a board member of the Charles Schwab bank, this October, as stated in the Cointelegraph report.
Adam White, who joined the crypto trading platform, Coinbase in 2013 built its institutional exchange, previously known as GDAX. He also built a number of institutional businesses that were aimed at luring Wall Street to crypto. The Coinbase exchange, under his leadership, expanded into New York to serve the Wall Street clients’ prime broker and trading needs. Many former employees of the New York Stock Exchange, including Christine Sandler and Eric Scro, also joined the Coinbase exchange. Christine Sandler was the former head of sales at NYSE Euronext and Eric Scro was the former head of finance at NYSE, as reported on The Block.
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