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CATEGORY: executives


Jul 23, 2024 12:25

Exclusive: Ex-UBS Expert Joins Crypto Market Maker Acheron Trading amid 369% Volume Surge

Aftercollaborating with legal departments of the world's largest investment banks,Daniel Lo has just joined the Acheron Trading team. As Finance Magnatesexclusively learned, the expert with over 12 years of experience in financiallaw has become the new Chief Legal Officer (CLO) of the crypto market maker,which significantly increased its trading volume in 2024.

Lo Moves From TraditionalFinance to Cryptocurrencies

Lo moved toAcheron from Cake Group, a Web3-related company, where he served as CLO forover two years. Previously, however, he built his experience in the world of"old finance." He worked as Legal Counsel for UBS in Singapore fortwo years and as a Derivatives Negotiator in the Canadian branch of RBC CapitalMarkets.

"AcheronTrading has long stood out to me for its commitment to transparency andaccountability in the fast-evolving crypto market," Lo commentedexclusively for Finance Magnates. "I look forward to building with thistalented team during this significant period of growth and innovation."

Acheron hasbeen operating in the crypto market-making space for six years, collaboratingwith 400 different issuers. The year's first half brought a several-foldincrease in realized volumes, hence the need to hire a new expert inregulatory, legal, and compliance matters.

Acheron Trading Volumes on the Rise

The newappointment comes as the firm expands its team to handle a 369.6% increase inyear-over-year trading volumes for the first half of 2024. The company has alsoadded new staff in its quantitative trading, quantitative development, andsales departments, recruiting from companies such as SpaceX and InteractiveBrokers.

Acheron'sexpansion comes amid a broader surge in the cryptocurrency market. The firmreported that assets brought to market in the first half of 2024 haveoutperformed all of 2023 by 233%. This growth has been fueled by factorsincluding Bitcoin's market cap crossing $1 trillion in February and speculationabout a potential Ethereum ETF.

WesleyPryor, founder of Acheron Trading, noted the company's need to adapt itstraditionally lean operational strategy to scale with the industry and keeppace with increasing trading levels and greater regulatory measures.

Danielsappointment and the many others we have just made underscore Acheron Tradingsunwavering commitment to meet the evolving needs of our clientele. Both theindividual and collective professional experiences of our new hires areinvaluable to our strategy as we rise to this new tide of activity, Pryoradded.

Crypto Sector HighlyConcentrated

The companyalso highlighted changes in market dynamics, including an extension of theinitial price discovery phase for new assets from an average of 1.2 days to 6days. However, the firm noted that the sector remains highly concentrated, withthe top eight largest exchanges accounting for more than 90% of global marketdepth.

"As atrusted principal and designated market maker, we must scale in order to meetthe demands of our clients who are driving the industry forward," added LaurentBenayoun, CEO of Acheron Trading, emphasizing the need to scale operations tomeet client demands. By strengthening our QT, QD, and sales teams, we arecontinuing the provision of a transparent and symbiotic MM offering.

Acheron'srecent growth is also part of a broader initiative that has seen the companymake several key moves in recent years. The firm has diversified its offeringsby introducing a principal market-making service and developing CommandStation, an in-house trading infrastructure platform. Additionally, Acheron hasformed new partnerships, including a collaboration with the tech incubatorforgd.com. The company also bolstered its technological capabilities throughthe acquisition of HedgeTech, a Boston-based firm specializing in algorithmicmarket-making solutions, in 2022.

Also, check out other executive moves recently described by Finance Magnates.

This article was written by Damian Chmiel at www.financemagnates.com.

Web3 gaming is rocket ship ready to blast off, say industry execs

Author: Cointelegraph by Jonathan DeYoung
United States
Jun 25, 2024 12:00

Web3 gaming is rocket ship ready to blast off, say industry execs

The Decentralize with Cointelegraph podcast interviews gaming executives from five Web3 projects to learn everything there is to know about blockchain games.

May 21, 2025 05:50

Unicoin and Executives Facing SEC Charges for Alleged $100 Million Fraud A Closer Look

The Securities and Exchange Commission (SEC) has brought charges against UnicoIN for an alleged $100 million fraud scheme. The SEC claims that UnicoIN misled investors by promoting a fraudulent investment opportunity in cryptocurrency. This case highlights the importance of conducting thorough due diligence before investing in any cryptocurrency project. According to the SEC, UnicoIN lured [...]

May 19, 2025 05:50

Crypto Executives Enhance Security Measures After Series of Abductions: Report

In the wake of recent kidnappings targeting cryptocurrency executives, enhanced security measures are being implemented to ensure safety within the industry. With the growing popularity and value of digital assets, concerns about personal safety have escalated among prominent figures in the crypto space. Individuals and companies involved in the cryptocurrency sector are taking proactive steps [...]

May 02, 2025 05:55

Elon Musk Joins Crypto Executives in Condemning WSJ for Ethical Breach

Elon Musk has partnered with top figures in the cryptocurrency community to criticize The Wall Street Journal for allegedly spreading misinformation. The Tesla CEO, along with other prominent leaders in the crypto space, called out the publication for a report they deemed inaccurate. Musk and his counterparts are no strangers to the media’s scrutiny, particularly [...]

Apr 08, 2025 05:50

Former Kraken Executives Acquire Real Estate Firm Janover and Reveal Plans for SOL Treasury

Janover’s price has skyrocketed by 1000% following the announcement of their new crypto ownership solution. This surge comes as the Sol Treasury reveals ambitious plans for the future development of the project. The increase in Janover’s price showcases the market’s positive response to the innovative crypto ownership solution. Investors are showing a strong interest in [...]

The post Former Kraken Executives Acquire Real Estate Firm Janover and Reveal Plans for SOL Treasury appeared first on Crypto Breaking News.

Apr 11, 2025 05:50

How Tariffs and Capital Controls Could Fragment Blockchain Networks, According to Executives

As global trade tensions rise, experts warn that tariffs and capital controls could potentially disrupt blockchain technologies, affecting cryptocurrencies like Bitcoin. These measures could impact the flow of digital assets across borders and hinder their decentralized nature. Blockchain technology relies on a network of computers to verify transactions, making it resilient to centralized control. However, [...]

The post How Tariffs and Capital Controls Could Fragment Blockchain Networks, According to Executives appeared first on Crypto Breaking News.

Mar 07, 2025 05:55

4 Compelling Reasons Why Trumps Bitcoin Reserve is Positively Bullish, According to Crypto Executives

In a recent development, several prominent cryptocurrency executives have expressed optimism about the potential benefits of the United States establishing a strategic Bitcoin reserve. This move could mark a significant step towards embracing the digital asset as a store of value and a hedge against inflation. The idea of the US holding a strategic reserve [...]

The post 4 Compelling Reasons Why Trump’s Bitcoin Reserve is Positively Bullish, According to Crypto Executives appeared first on Crypto Breaking News.

Mar 31, 2025 05:55

The Hidden Risks of Asset Tokenization: A Closer Look at Centralization from MEXC Executives

Asset tokenization is a trending topic in the world of finance and blockchain technology. By digitizing assets and creating tokens that represent ownership, tokenization promises increased liquidity, accessibility, and efficiency in traditional asset markets. However, there is a dark side to this innovative concept – centralization. In a recent interview with the CEO of MEXC [...]

The post The Hidden Risks of Asset Tokenization: A Closer Look at Centralization from MEXC Executives appeared first on Crypto Breaking News.

Mar 11, 2025 05:50

Executives say Crypto requires policy updates more than just Bitcoin reserves

In the realm of cryptocurrency, executives at Bitcoin reserves are emphasizing the necessity for policy changes to bolster the industry. While Bitcoin’s reserves are crucial, they argue that policy reform is equally if not more important for the overall health and sustainability of the crypto market. The executives highlight that regulatory clarity and supportive policies [...]

The post Executives say Crypto requires policy updates more than just Bitcoin reserves appeared first on Crypto Breaking News.

Mar 29, 2023 10:30

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday [...]

The post Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations appeared first on Crypto Breaking News.

Jun 28, 2023 05:50

FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report

On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury residential real estate for senior staff and family members, as well as on commercial properties. FTX Execs Accused of $243 [...]

The post FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report appeared first on Crypto Breaking News.

Jul 22, 2023 02:10

FTX Sues SBF, Former Execs to Recover Over $1 Billion

Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTX’s new management argues the funds were misappropriated through dubious deals and transactions made before the coin trading platform went bankrupt last fall. Failed Crypto Firm FTX Files New Lawsuit Against Founders and Chiefs [...]

The post FTX Sues SBF, Former Execs to Recover Over $1 Billion appeared first on Crypto Breaking News.

Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto

Author: Cointelegraph By Ciaran Lyons
United States
Jun 22, 2023 08:20

Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto

Cointelegraph spoke to former senior executives in traditional finance who've made the move to crypto. Would they ever go back?

Mar 14, 2023 10:30

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and [...]

The post Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders appeared first on Crypto Breaking News.

Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023

Author: Cointelegraph By Gareth Jenkinson
United States
Jan 26, 2023 04:40

Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023

A handful of cryptocurrency industry players who took part in workshops at the World Economic Forum Annual Meeting paint a picture of increased collaboration within the space in 2023.

Court docs reveal details about thousands of Celsius customers

Author: Cointelegraph By Jesse Coghlan
United States
Oct 07, 2022 08:20

Court docs reveal details about thousands of Celsius customers

The data of thousands of Celsius customers revealed in court also included its executives showing millions withdrawn from the platform in the weeks before it was suspended to the public.

Bittrex Global appoints Paul Grier as new Chief Marketing Officer

Author: CryptoNinjas.net
Ethiopia
Jan 11, 2022 08:30

Bittrex Global appoints Paul Grier as new Chief Marketing Officer

Bittrex Global, a long-standing cryptocurrency exchange, announced today the appointment of Paul Grier as Chief Marketing Officer for the company. His term officially began on January 1st. 2022. In his new role at Bittrex Global, Mr. Grier will oversee internal and external marketing directives, spearhead activities related to growing brand awareness and expansion, and will […]

The post Bittrex Global appoints Paul Grier as new Chief Marketing Officer appeared first on CryptoNinjas.

BitMEX welcomes Rupertus Rothenhaeuser as CCO to lead its ‘Beyond Derivatives’ initiative

Author: CryptoNinjas.net
Ethiopia
Jan 04, 2022 12:15

BitMEX welcomes Rupertus Rothenhaeuser as CCO to lead its ‘Beyond Derivatives’ initiative

BitMEX, the popular crypto derivatives & DeFi platform, today welcomed Rupertus Rothenhaeuser to the BitMEX team as their new Chief Commercial Officer (CCO). As CCO, Rupertus will spearhead BitMEX’s ‘Beyond Derivatives’ plan to expand into spot, brokerage, custody, information products, and establish the BitMEX Academy. Rupertus will be based in Asia. Specifically, Rupertus will be […]

The post BitMEX welcomes Rupertus Rothenhaeuser as CCO to lead its ‘Beyond Derivatives’ initiative appeared first on CryptoNinjas.

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