Cryptocurrency custody service and exchange BAKKT has announced a leadership restructuring, appointing board member Andy Main as the new CEO, replacing Gavin Michael, who will step down. Michael will continue to serve as an advisor until 2025. Additionally, BAKKT is currently facing the threat of being delisted by the New York Stock Exchange (NYSE).

The leadership team of cryptocurrency custody service and exchange Bakkt is undergoing a restructuring, with board member Andy Main set to take over as President and CEO later next week. Current CEO Gavin Michael will resign "to pursue other opportunities" and will continue to serve as an advisor until 2025. Currently, Bakkt faces the threat of being delisted by the New York Stock Exchange (NYSE). (CoinDesk)

BAKKT Appoints Andy Main as New CEO Amid Threat of NYSE Delisting