April 23, 2020 / 5:59 PM / 3 months ago

REFILE-UPDATE 1-Bakkt boss to leave for JPMorgan - source

(Refiled to correct spelling of firm to Bakkt in last paragraph)

By Anna Irrera and Noor Zainab Hussain

April 23 (Reuters) - The top boss of Bakkt, Mike Blandina, will leave the cryptocurrency trading platform to join JPMorgan Chase & Co to work in payments, according to a source familiar with the matter.

Bakkt's majority-owner Intercontinental Exchange Inc on Thursday appointed David Clifton as interim chief executive officer to replace Blandina.

Clifton joined ICE in 2008 and is currently its vice president, M&A and integration.

The exchange operator said here Blandina, who was appointed CEO of Bakkt in late December, is leaving to pursue a new opportunity.

A JPMorgan spokeswoman declined to comment.

Blandina had taken over here at Bakkt from Kelly Loeffler, who was appointed to the U.S. Senate.

Bakkt, one of the most well-known cryptocurrency initiatives by an established financial institution, offers trading in physically delivered bitcoin futures - bitcoins are delivered to the Bakkt warehouse when the contracts expire. (Reporting by Anna Irrera in New York and Noor Zainab Hussain in Bengaluru; Editing by Vinay Dwivedi)

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