Bitpanda Pro Hires Former JPMorgan Exec to Lead Growth in Europe
Posted by : Crypstarter Team
Category : Blog, news
Investment platform Bitpanda has hired Joshua Barraclough to lead its digital-assets exchange.
Bitpanda, Austria’s first tech unicorn, announced the appointment of former JPMorgan executive Joshua Barraclough as CEO of Bitpanda Pro, a digital-assets exchange.
Prior to joining Bitpanda Pro, which caters to experienced traders and institutions, Barraclough worked at JPMorgan in London as the co-head of digital innovation, where he was responsible for developing cutting-edge innovative businesses, products, and services that would help to transform traditional finance.
In an interview, Barraclough described the switch from a traditional bank to Bitpanda as a “no-brainer.” “As cryptocurrency investments become more mainstream, individual and institutional investors are seeking tools that allow them to pursue traditional investing methods while managing the subtleties of digital asset trading,” he said.
While there are many organizations fighting for leadership positions in the crypto space, just a handful have the proper technology, knowledge, and culture to get there, according to Barraclough.
In August, PayPal founder Peter Thiel’s Valar Ventures led a $263 million Series C capital round for the Vienna-based investment-trading platform. The company was valued at $4.1 billion after the round. The new funds will be utilized to invest in technology, worldwide expansion, and the expansion of the company’s personnel.
Alan Howard, a billionaire hedge fund manager, as well as REDO Ventures, LeadBlock Partners, and Jump Capital, are among Bitpanda’s investors.
Eric Demuth, Paul Klanschek, and Christian Trummer launched the company in 2014 as a bitcoin exchange. Since then, it has expanded to include stock, precious metals, and exchange-traded funds trading.
Bitpanda Pro was released in August of this year. Traders and firms situated in the European Union, ranging from private banks to family offices and hedge funds, use it.
Bitpanda presently employs 600 people in eight countries, with digital hubs and offices in Vienna, Berlin, Paris, and London.
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