Bakkt Replaces CEO as NYSE Threatens to Delist Crypto Exchange

Bakkt Holdings Inc. named a new chief executive officer and president as the crypto trading and custody platform faces being dropped from the New York Stock Exchange for failing to maintain listing requirements.

Andy Main, who has served on Bakkt’s board of directors since its public listing in 2021, will succeed Gavin Michael in the two roles on March 26. Michael, who is stepping down to focus on other opportunities, will serve in an advisory role through March 2025.

Bakkt, which is backed by the parent company of the NYSE, said in February it may not be able to ...