Bakkt has announced the appointment of Ray Kamrath as the Chief Commercial Officer of Bakkt's cryptocurrency business. Kamrath will lead the company's sales efforts and be responsible for Bakkt's cryptocurrency business, including trading, custody, and institutional products. He will also be responsible for marketing, strategic partnerships, customer success, business development, and operations, with an overall focus on expanding and developing Bakkt's business. It is reported that Kamrath joined Bakkt in December 2023 as the Head of Institutional Solutions.