CEO of Bakkt quits position to pursue new opportunities

• According to the new report released this week the CEO of Bakkt, Mike Blandina has stepped down from his position at the platform. 
• After replacing Kelly Loeffler, Blandina served as the CEO for the digital assets platform for just four months.

According to the new report released this week the CEO of Bakkt, Mike Blandina has stepped down from his position at the platform. After replacing Kelly Loeffler, Blandina served as the CEO for the digital assets platform for just four months.

In his stead, David Clifton has been appointed to the interim CEO of the company following Mike's resignation. The press release was released early this week on the 23rd of April but does not specify why Blandina left the company aside from noting that he did want to pursue a new opportunity.

Some of the rumours circulating the industry suggest that Mike will be moving to the investment bank giant JP Morgan Chase. For those that don’t know he became the CEO of the company in December last year after Loeffler was appointed by Brian Kemp to the senate seat.

The founder and CEO of Intercontinental Exchange, Jeffrey Sprecher spoke on the departure of Blandina in the aforementioned press release as he said the following:

“David Clifton has been deeply engaged in many of our most important initiatives over the years and, after helping to lead the acquisition of Bridge2 to accelerate the rollout of Bakkt’s consumer application, I know he will provide outstanding leadership for Bakkt as its Interim CEO.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!