Exodus: the OTC-platform of the owner Poloniex lost the CEO and part of the top management

During the past months, at least six top managers, including the head of the division, Daniel Matuszewski, left the OTC-platform Circle Trade, reports The Block .

So, Matushevsky said he intends to take advantage of "a fundamentally new opportunity in the cryptocurrency industry," although he did not specify what this was about. At the same time, he will continue to work with Circle “on the other side” of trade deals. In the past he was a trader in the Boston hedge fund Bay Hill Capital.

According to the publication, Nick Gustafson, a former trader in the OTC division of the Kraken exchange, took his place in the Circle.

The company was also left by trader Chris Hermida, who allegedly intends to launch his own hedge fund. The decision was made and Beatrice Akerroll, responsible for the sales department.

Paul Martin, another representative of the sales department, left the company in May and headed the Exodus wallet development team, and Ryan Salame, also the former head of the entire division, moved to the position of general director of the OTC platform from Alameda.

It is known that the Hong Kong trader Yin Feng Shao left Circle Trade, but the reasons for the decision are unknown. Previously, he served as vice president of product development for the Derivative Exchange LedgerX.

In May, Circle cut 10% of its employees due to regulatory uncertainty in the United States, and in July, it transferred the foreign customer service of the Poloniex Bitcoin Exchange to Bermuda.

In July, the company discontinued support for the Circle Pay payment application.

At Poloniex, there was a massive delisting of shopping pairs for US residents. Despite the possibility of depositing / withdrawing funds through bank payments and buying Bitcoin using debit / credit cards, the share of Poloniex in the US stock market, according to some estimates, fell to 1.1%.

In 2018, Circle Trade made about 10 thousand deals for a total of $ 24 billion, and in April of this year they raised the minimum threshold to $ 500 thousand.

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