At a seminar at Fortune’s first Financial Brainstorming Conference, Adam White, chief operating officer of virtual currency company Bakkt, said that tightly regulated industries, such as finance, “tended to move toward centralization,” which is very normal. When talking about critics who are whispering about projects that are not completely decentralized, he said: "These people are completely wrong." His view is that centralized services can provide better service to customers. . White believes that, compared to decentralized exchanges, the centralized virtual currency exchange (he mentioned his former employer Coinbase) is better able to accumulate liquidity and then have better performance.