Bakkt Names Akshay Naheta as Co-CEO Amid Stablecoin Payments Push

Quick Summary:

Bakkt’s share price plummeted over 18% over the past three days after it revealed that neither Bank of America (BAC) nor the crypto trading app Webull Pay would renew their agreements with the firm.

Naheta is also joining Bakkt’s board of directors.

Naheta, a former SoftBank executive with past investments in Nvidia and ARM, will officially join Bakkt’s leadership team from today.

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Article Details

Author / Journalist: Francisco Rodrigues

Category: Crypto

Markets: United StatesCuba

Topics: Bakkt Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 09:25:56 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 177 words

Reading Time: 1 minutes read

Sentences: 20 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27211341

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