Blockchain security and cryptocurrency custody firm BitGo has appointed a veteran Wall Street trader as its head of financial services, according to a press release published on May 9.
The new hire, Nick Carmi, joins BitGo after a reported 25 years of experience as a financial executive.
His most recent role was as Global Head of FICC Business at the high-frequency trading firm Tower Research Capital - founded by former Credit Suisse proprietary trader Mark Gorton.
According to a statement from BitGo CEO Mike Belshe, the hire was spurred by an intent to forge a stronger connection between technologically innovative digital assets and the traditional financial sphere.
"Nick will be critical to our future progress, helping us meet the existing needs of traditional clients while also helping us build a better financial market of the future in ways that can only be done with digital assets."
BitGo's new head of financial services was reportedly director in Listed and OTC Clearing Sales at Deutsche Bank, where he was involved in the establishment of Fixed Income Prime Brokerage for Treasury and Repo services as well as aiding Deutsche Bank's Equity Derivative Franchise to build an OCC clearing service.
His earlier experience reportedly spans experience at multiple financial institutions globally, including Barclays, Lehman Brothers, UBS and Credit Suisse.
As reported just yesterday, European crypto exchange Bitstamp has hired a former Coinbase executive with years of experience in the world of traditional finance, including at Barclays and at institutional-grade financial company RBC Capital Markets.
In late April, BitGO sealed a further security certification from Big Four auditor Deloitte, after a review of its compliance, having been found to fulfil the requirements for a service organization control 2 Type 2 certification.
BitGo began providing its custody and multi-signature wallet services to a newly launched, institutional investor focused digital asset trading platform, LGO Markets.
BitGo Hires Wall Street High-Frequency Trader as Head of Financial Services
gepubliceerd op May 9, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.