Binance Co-Founder Takes the Helm of Exchange Venture Arm

  • Another 21Shares staff member moves to competitor ETP issuer Valor
  • Legal and compliance executive moves from Figure to Wave Financial

Binance appointed co-founder yi the to lead the venture arm and incubator of the cryptocurrency exchange. The move comes after former Binance Labs head Bill Qian revealed that he would be leaving the company to “move on to a new chapter.” Qian’s next move is unknown.

Binance Laboratories It manages $7.5 billion in assets, comprising more than 200 portfolio companies. It has incubated projects like Polygon, FTX, Certik, Nym and Dune Analytics and closed a $500 million investment fund in June.

Poised to lead the company’s global strategy and day-to-day operations, he will also focus on supporting infrastructure projects and enhancing utility in innovative crypto and blockchain projects.

The “unparalleled opportunity” to identify projects that will thrive in difficult market conditions makes it the perfect time for He to take the helm of the company’s venture business, said Binance CEO Changpeng Zhao.

“As a leading player in the space, my goal is to help define the industry standard by identifying and supporting sustainable projects and building an ecosystem of quality blockchain solutions that empowers the entire industry,” he said in a statement. release.

Wortha technology company offering a range of crypto ETPs, contracted Elaine Bühler as a product manager to help expand your product line.

Previously, as product manager for Switzerland-based 21Shares, Bühler was responsible for its crypto ETP (exchange-traded product) launches in the Swiss and European markets.

Meanwhile, Peter Märkl, the former chief legal officer of 21Shares, became Valor’s general counsel earlier this month. Valor also hired Marco Infuso, a former CEO and head of Germany at the crypto fund manager, to lead global sales.

kelly catherine chapman has joined crypto fund manager financial wave as head of legal and director of compliance.

Chapman will provide legal advice as it relates to the expansion of Wave, including managing outside advice on fund formation work, active fund management, institutional investor work, venture deals and mergers and acquisitions.

Kelly most recently served as Securities-Related Products Advisor for Figure, and Internal Advisor and Chief Compliance Officer for Related Funds and Registered Investment Advisors.

Singapore-based blockchain gaming and entertainment company Digital Entertainment Asset (DEA) fixed Ryouhei Nuka as financial director.

Nuka joined Goldman Sachs in 2009 and was responsible for product control operations for the equity and derivatives trading desks. Most recently, he was a senior controller in the finance department at Goldman Sachs Japan.

DEA’s former CFO, Kyuzaburo Suzuki, will continue to help develop the company’s financial strategy as a senior advisor.

Web3 game development and distribution company thirdverse hired Isao Moriyasu as its executive producer of Web3 games.

Moriyasu, former CEO of DeNA, one of Japan’s largest IT vendors in mobile gaming, is ready to help further drive Thirdverse’s growth in the metaverse and Web3.

crypto platform BitGo promoted chen fang to director of operations and appointed Victor Tso to vice president of engineering.

Fang and Tsou will focus on driving BitGo’s operational strategy forward as the company continues to offer custody, trading and finance solutions to investors, fintech companies and crypto-native platforms holding digital assets.

Fang recently worked as a product manager for BitGo. Before joining BitGo, he co-founded Lumina, a portfolio management suite for digital assets that BitGo acquired in early 2020.

Tsou most recently served as Senior Director of Engineering at Affirm, where he led efforts in loan servicing, payment processing, international expansion, and consumer products. He has also led engineering teams at Block.

Web3 and Metaverse infrastructure company Infinite world hired alan krasowski as chief technology officer. He replaces Lucas Henning, who will become CTO of Suku, InfiniteWorld’s Web3 partner.

Prior to InfiniteWorld, Krassowski held the roles of CTO, Chief Architect, Vice President of Technology, and Senior Director of Engineering at companies including ConsenSys Capital, Intel Security, Symantec, Cylance, and Kiva.

Crypto banking and payments company BVNK hired jonathan cumberlidge to lead currency growth. You will work with brokers and funds to design digital asset banking and payment solutions that help serve the demand of active traders in particular.

“Merchants want increased access to crypto liquidity, both for spot and derivative products, custody solutions, platforms, banking and payments,” Cumberlidge said in a statement. “With their loyal and active trader client bases, brokers are ideally positioned to meet these demands and diversify into crypto as an emerging asset class.”

The executive most recently worked as director of sales for Finalto. During his career, Cumberlidge also held senior sales positions at companies such as Saxo Bank, GAIN Capital and GFT.

Robinhood announces more layoffs

Robinhood CEO Vlad Tenev revealed on Tuesday that the company would reduce the firm’s headcount by 23% in the wake of reduced client trading activity and assets under custody.

The layoffs will reduce Robinhood’s workforce to 2,600 employees. Severance and restructuring costs as a result of the job cuts are estimated to cost between $45 million and $60 million, executives said during the company’s earnings call on Wednesday.

Sam Wellalage, founder of WorkInCrypto.Global, said he expects around a third of layoffs to come from roles focused on digital assets.

“Most of the people who are losing jobs in crypto are captured by fintech and TradFi [companies]Wellalage told Blockworks. “We also see a lot of hyper-growth startups snapping up these candidates.”

The market environment and resulting layoffs are also tough for boutique headhunting firms like Wellalage’s company. He said his cryptocurrency trading company, which averaged about 10 placements a month, is now making less than half that.

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  • ben strack

    Ben Strack is a Denver-based reporter covering crypto and macro native funds, financial advisors, structured products, and the integration of digital assets and decentralized finance (DeFi) into traditional finance. Before joining Blockworks, he covered the asset management industry for Fund Intelligence and was a reporter and editor for several local newspapers on Long Island. He graduated from the University of Maryland with a bachelor’s degree in journalism. Contact Ben by email at [email protected]

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