ItBit Hires Former SocGen Exec to Lead London Initiatives
New York-based bitcoin exchange itBit has hired a securities services and technology veteran to head operations in Europe, the Middle East and Africa. The hire of Jason Nabi comes as the exchange opens a new office in London. Prior to itBit, Nabi worked for major European bank Société Générale as its global business lead for post-trade services. Nabi started his career as a dealer on the London Stock Exchange, and has held senior positions at IBM Global Services, Bloomberg and BNP Paribas Securities Services. He said in a statement: “The industry is at a turning point with distributed....
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The last time SocGen and Bitcoin were "meaningfully" mentioned in a single sentence was in 2013, when its currency analyst Sebastian Galy penned a special note to their clients to explain the nature of the said digital currency. Since then, the France's third largest bank had kept its silence on such disruptive payment technologies. The self-inflicted jinx, though, seems to have broken with SocGen's recent classified advertisement, in which the bank is eventfully seeking a full-time programmer with previous experiences in Bitcoin, blockchain and similar FinTech technologies. The 12-month....
In April, Bitcoin Magazine reported that Bitcoin exchange itBit had filed for a banking license in New York. Later in May, itBit was granted a trust charter by the New York Department of Financial Services (NYFDS) under New York State banking law, the first such charter granted to a digital currency company by the NYDFS. ItBit also announced the successful completion of a $25 million Series A funding round. On September 2, itBit announced the appointments of Daniel "Danny" Alter as the company's new general counsel and chief compliance officer, and Kim Petry as chief financial officer.....
BTC.sx, a London-based bitcoin derivatives platform, has partnered with itBit to integrate its BTC-USD trading currency pair with the exchange's existing offerings. The new platform will mimic that of an E*Trade platform. According to BTC.sx cofounder Joseph Lee: "The platform essentially emulates what an E*Trade platform would be. We've tried to set up a professional foreign exchange trading platform in bitcoin for bitcoin, which we believe we're the first to fill that niche." When investors trade currency with Bitcoin, they are essentially required to purchase both currency pairs because....
Singapore-based bitcoin exchange itBit has announced two new hires it hopes will strengthen its credibility in the traditional financial industry and assure users it is being responsible with their funds. The company's hirings are significant: a senior manager at PayPal and an analyst fresh from a long stint at SecondMarket, the online marketplace for trading illiquid assets and parent company of the Bitcoin Investment Trust. Together they bring expertise from the mainstream payments industry and other sections of the bitcoin economy to the young Asian exchange. Erik Wilgenhof Plante. The....