As a seasoned crypto investor with over two decades of experience under my belt, I find the appointment of Amar Kuchinad as the new CEO of Copper to be a strategic move that could potentially bolster the company’s growth and expansion. Kuchinad’s background in finance, policy, and regulatory affairs at Goldman Sachs and the SEC, along with his experience in founding Electronifie, will undoubtedly prove valuable as he steers Copper through its next phase.
The cryptocurrency custody company, Copper, has brought on a fresh CEO to strengthen their foothold in the United States, Hong Kong, and Abu Dhabi.
Copper, a company that specializes in safeguarding cryptocurrencies and managing collateral, has named Amar Kuchinad as their new global CEO. This move comes as they aim to reinforce their institutional strategies and broaden their reach in the United States, Hong Kong, and Abu Dhabi.
We’re excited to reveal that Amar Kuchinad is now stepping into the role of Global CEO at Copper, succeeding our company’s founder, Dmitry Tokarev. For the past seven years, @tokarev_d has been instrumental in establishing Copper and raising the bar for innovation across our industry.
— Copper.co (@CopperHQ) October 14, 2024
In a blog announcement, Copper said that Kuchinad, who succeeds founder Dmitry Tokarev, will spearhead the company’s growth strategy, driving its “institutional-first approach to accelerate expansion across core markets.”
As a crypto investor, I’m excited about Copper’s strategy to fortify its U.S. influence while leveraging the significant regulatory achievements in Hong Kong and Abu Dhabi. This approach is crucial for our collective progress.
Copper
As stated in the blog post, Tokarev, who has been CEO for seven years, will now move into roles as a founder director and strategic shareholder. Before joining Copper, Kuchinad held positions such as Managing Director at Goldman Sachs and Senior Policy Advisor at the U.S. Securities and Exchange Commission. Additionally, he founded Electronifie, a company that developed an SEC-registered alternative trading platform.
In his fresh position, Kuchinad will manage ClearLoop, our company’s custody and trade system, that handles approximately 20 million transactions every month, equating to a combined worth of $100 billion.
The shift in leadership occurs under increased attention towards Copper, as investigations unveiled connections between the company and individuals subject to sanctions. An article from the International Consortium of Investigative Journalists pointed out a cryptocurrency transfer worth approximately $4.2 million to Jonatan Zimenkov, a Russian national associated with an arms-dealing network. While the report suggested that Copper did not violate regulations during these transactions, it sparked concerns about their adherence to compliance procedures at that time.
In March 2022, Tokarev made a public declaration on Copper’s site, criticizing the Kremlin’s military action against Ukraine, stating that “the Russian government does not represent all Russians. In fact, they don’t represent the majority.
Read More
Sorry. No data so far.
2024-10-15 11:24