Adam White is going to be the part of Intercontinental Exchange’s (ICE) platform Bakkt, reported by the Block on Oct. 12. White was the former head of institutional platform group at Coinbase crypto exchange.

White resigned from Coinbase in early October. The reason for his resignation was not clear and meanwhile, the company also expressed its ‘extreem sadness’ over the same. However, White joined as the Chief Operating Officer of Bakkt, internal source of the Block confirmed. It came as a surprise for the former company.

Bakkt has been developed by the joint partnership of Microsoft and Starbucks. It was first announced in August by the New York Stock Exchange operator Intercontinental Exchange. White was Coinbase’s fifth-ever employee and was worked for five years. He joined the company when it had barely an office space of one-bedroom and Bitcoin (BTC) was trading at around $200.

White supported Coinbase for deploying a series of services targeted at big institutional clients, such as custodian services and an index fund.

With a market value of $8 billion, Coinbase has got able to hire new profiles in the past months. For instance, this October Coinbase hired a board member of the Charles Schwab bank Chris Dodds, and in the previous month of that, it welcomed Fannie Mae’s former General Counsel Brian Brooks as its new Chief Legal Officer.