Intercontinental Exchange
Intercontinental Exchange, is one of the fortune 500 company founded in the year 2000 to modernize markets. ICE operates exchanges, information services, and clearinghouses for commercial purposes across global commodity markets.
Recently, ICE has appointed Mike Blandina as CEO of Bakkt, with Adam White as president of the company which provides a digital asset platform for trading and other financial services that are majority-owned by Intercontinental Exchange.
All these reformations came into effect after the departure of ex-CEO Kelly Loeffler on December 20, who is currently serving the United States Senate after the retiring of Sen. Johnny Isakson. Blandina was appointed as the Chief Product Officer earlier this year. He has helped many significant roles at One market, Westfield, Google, Paypal, and the Blackhawk network.
He has gained a tremendous amount of experiential expertise in the field of payment space. Current president, Blandin had previously served significant leadership positions at Coinbase. He joined as Chief Operating Officer after the launch in 2018 bringing immense knowledge in the field of cryptocurrency. White was an officer in the U.S Air Force testing experimental aircraft.
Jeffrey Sprecher, Founder, and Chairman of ICE have immense belief in the abilities of Mike in making strategic decisions in payment products and markets, regulating the financial performance of the company. His 25 years of expertise in the payment space dealing with engineering, strategy, and operations. White will solely focus on the handling of digital asset markets, its custody, and trading, etc. Mike and White will prove to be potential assets for the company in shaping a strategic direction for the operations of the company and future successes.
Bakkt was quick in creating its position in the market and established a leading global position in its first full year of operations. It successfully launched a fully regulated bitcoin future with ICE Futures U.S. This was first of a kind in the global market. It is backed by Bakkt Warehouse, a service platform for regulated bitcoin custody offering, allowing financial service centres around the globe to safeguard their digital assets using Bakkt’s enterprise-grade technology and blockchain-powered infrastructure.
Talking about the latest notable milestones of the company, last week, Bakkt set the highest volume record of 6,226 physically delivered Bakkt Bitcoin (USD) Futures contracts through ICE Futures U.S. This broke company’s previous history by 25%.
Bakkt has taken all proactive steps to safeguard its prestige and to boost its momentum in 2020 with a product road map which includes new trading products, custody offerings, customer-centric payment application, along with other innovations.