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Crypto Exchange Bakkt Hires 3 Key Players, Announces Extended Bitcoin Futures Delay

January 02, 2019

The highly anticipated crypto platform Bakkt is filling key leadership positions as it gears up for launch in 2019.

According to LinkedIn, the company hired new technical product manager Jide Laoye and product engineering director Peter Lee in December.

Laoye was a software product manager at UL Transaction Security and Lee was previously the senior vice president of global product delivery at Mozido, a Texas-based fintech company.

In September, Bakkt hired Balaji Devarasetty as their head of technology. He was the vice president of technology and payments for Vantiv, an Ohio-based financial services firm.

Bakkt CEO Kelly Loeffler announced in November that the company is hiring.

“We are focused on building a nimble, entrepreneurial team with a focus on serving our customers and delivering results. Key success factors in our culture include collaboration, problem solving, communication, integrity, and professionalism and leadership.”

Bakkt, which is owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, just secured its first round of fundraising, with over $182 million raised from 12 partners, including Microsoft.

The company also revealed another delay of their physically-backed Bitcoin futures launch date. Originally set for December, ICE recently revised the launch date to January 24.

However, due to a lengthy approval process by the Commodity Futures Trading Commission (CFTC), ICE expects to announce a new launch date in early 2019.

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