Bakkt Announces the Promotion of the Company’s Former Chief Product Officer to CEO

Drishti Bhagat   Dec 24, 2019 06:30

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The futures exchange company, Bakkt, also owned by the Intercontinental Exchange, has replaced its CEO, and promoted Mike Blandina, from his previous position as Chief Product Officer. The announcement was through an official press release, and Blandina has already begun the transition into the new role since Dec. 20th. This change of position was vital as the company’s former CEO, Kelly Loeffler is due to commence her appointed position of United States senate. Blandina’s experience is vast as he has previously worked with giant firms such as Google and PayPal.


ICE’s chairman has expressed confidence in the newly appointed CEO and believes he will be ‘responsible for steering the company on its road to excellence.’ To quote accurately, “As CEO, Mike will chart Bakkt’s strategic direction, payment products, and markets, as well as overseeing the regulatory and financial performance of the company. His more than 25 years of experience across product, engineering, strategy, and operations will continue to serve us well.” 


In its early stages, Bakkt was facing slow growth but since, has quickly regained itself and set new records. In the press release, it also states how at present, Bakkt has reached 6,226 Bitcoin futures contracts, showing 25% more growth than its records. 


Image via Shutterstock

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