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Bitpanda hired former JPMorgan exec


The Europe-based cryptocurrency trading platform Bitpanda has attracted a former exec at JPMorgan Joshua Barraclough to the CEO position of its fully-regulated crypto exchange Bitpanda Pro.

Previously, Barraclough was co-head of digital innovation and head of the fintech division at JPMorgan. “As cryptocurrencies become mainstream, there is an increasing need for tools that allow you to follow traditional investment strategies and take into account the nuances characteristic of digital assets;” he said in an interview with CoinDesk.

In the blog, the company announced the search for professionals for various positions.

About Bitpanda

Paul Klanschek, Eric Demuth and Christian Trummer founded the company in 2014 as a bitcoin exchange. Since then, it has expanded beyond crypto to offer trading of stocks, precious metals, and exchange-traded funds. Bitpanda Pro debuted in August 2019. It is used by traders and European Union-based companies ranging from private banks to family offices and hedge funds.

Thanks to Bitpanda’s partnership with the Austrian Post postal provider, more than 1,800 post offices began selling cryptocurrencies in 2017. “Digital assets will play a key role in our lives and they do not contradict classic currencies,” BitPanda representatives noted.

In September 2020, Bitpanda has announced the completion of a Series A funding round, which resulted in raising $52 million. The company also noted that the fastest growing cryptocurrency markets out of 34 countries served by Bitpanda are France, Spain and Turkey.

The company plans for international expansion and business scaling

BitPanda founders: Paul Klanschek, Eric Demuth and Christian Trummer

Earlier in March, Bitpanda has closed a Series B funding round for $170 million. Pushing the company’s valuation to $1.2 billion. Consequently, giving the status of the country’s first “unicorn” – a company worth more than $1 billion.

“Retail investors will soon be able to access an even larger range of digital assets, and we already have plans in place to bring our offer to several new markets,” said Bitpanda CEO and co-founder Eric Demuth.

Later in August, a platform raised $263 million in a Series C funding round from Alan Howard and Valar Ventures Peter Thiel, as well as other investors. The firm’s valuation reached $4.1 billion. The company promised to use the raised funds for international expansion and business scaling.

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