News Nuggets | 8 June: Ex-CFTC Chair Joins Circle; Marqeta Shuts Aussie Office

Former CFTC Chairman

The Stablecoin issuer has announced the appointment of Heath Tarbert as its new Chief Legal Officer and Company President effective July 1, 2023. The appointment follows Circle’s acquisition of a payment institution license in Singapore.

“As we continue to build a bridge between traditional finance and Web3, Heath’s perspective, legal acumen, and global regulatory experience will help us advance the utility value of USDC around the world,” said Jeremy Allaire, Co-Founder and CEO of Circle.

Heath Tarbert

Tarbert will join Circle from Citadel Securities Group, where he has been the general legal director for the past two years. He was also Chairman and CEO of the US Commodity Futures Trading Commission. He also served two years in positions in the US Treasury Department.

Exness appoints new global head of talent acquisition

Cyrus-based Exness has promoted Mark Harrison to Global Head of Talent Acquisition. He joined Al Waseet in September 2017 and previously held the position of Head of Talent Acquisition.

Harrison added, “I am truly honored to have this incredible opportunity to lead our global strategic initiatives and drive recruitment efforts that will enable us to attract and acquire the best talent from around the world.”

Mark Harrison, Global Head of Talent Acquisition at Exness

“This promotion marks a significant milestone in my career, and I am eager to take on the challenges and opportunities that lie ahead.”

Harrison has had a long career in recruitment and has been part of the human resources team at a financial credit agency, Citi, Huawei, and a few others.

Marketa closes Australia office

Marqeta, a global card issuer, has closed its Australian office to cut operating expenses. The company posted a net loss of $69 million in the first quarter of 2023, which included a one-time $32 million post-merger non-cash compensation expense associated with the energy acquisition.

“All existing Marqeta customers in Australia will continue to be supported by our US office. This does not impact their business,” said a Marqeta spokesperson, adding that “all recently signed and currently on-boarded customers will be supported.” The company will continue to “support our global customers who They want to expand into Australia.”

Nexdesk enters Europe with its B2B Crypto OTC office

Nexdesk has launched a self-service B2B OTC digital asset trading desk for European users. It enables B2B companies to execute trades around the clock and offer digital assets such as USDC, BTC, USDT, and ETH.

The company has partnered with Nexpay, a licensed Lithuanian electronic money institution (EMI), to offer banking and cryptocurrency operations.

“The OTC desk allows clients to execute high volume trades with minimal price slippage,” said Uldis Tēraudkalns, CEO of Nexpay.

“By partnering with Nexdesk, we aim to provide a seamless user experience while prioritizing compliance, security, and customer satisfaction. As a licensed EMI company, Nexpay adheres to strict rules, and all customer funds are held in segregated customer accounts within the Bank of Lithuania, which is an integral part of Euro system, which gives our clients a very high level of security.

Ouinex Closes Pre-ICO Over $2 Million

Ouinex, the cryptocurrency exchange launched by cryptocurrency industry veteran Ilies Larbi, has closed an initial funding (pre-ICO) that raised over $2 million. The company highlighted that funding came from its user base of “more than 1,000 traders in forex, CFDs and stocks” when sentiment across Web3 and capital markets is bearish.

Ellis Larbe, Co-Founder and CEO, Ouinex

“This fundraiser represents the absolute confidence our users have in our ability to build one of the best-performing crypto-asset exchange platforms in the world,” said Larbi, who leads the platform as CEO.

The upcoming cryptocurrency exchange has partnered with Interactive Trading (IVT), a France-based trading academy that hosts a community of 150,000 active traders. It now aims to launch the trading platform in the first quarter of 2024.

Former CFTC Chairman

The Stablecoin issuer has announced the appointment of Heath Tarbert as its new Chief Legal Officer and Company President effective July 1, 2023. The appointment follows Circle’s acquisition of a payment institution license in Singapore.

“As we continue to build a bridge between traditional finance and Web3, Heath’s perspective, legal acumen, and global regulatory experience will help us advance the utility value of USDC around the world,” said Jeremy Allaire, Co-Founder and CEO of Circle.

Heath Tarbert

Tarbert will join Circle from Citadel Securities Group, where he has been the general legal director for the past two years. He was also Chairman and CEO of the US Commodity Futures Trading Commission. He also served two years in positions in the US Treasury Department.

Exness appoints new global head of talent acquisition

Cyrus-based Exness has promoted Mark Harrison to Global Head of Talent Acquisition. He joined Al Waseet in September 2017 and previously held the position of Head of Talent Acquisition.

Harrison added, “I am truly honored to have this incredible opportunity to lead our global strategic initiatives and drive recruitment efforts that will enable us to attract and acquire the best talent from around the world.”

Mark Harrison, Global Head of Talent Acquisition at Exness

“This promotion marks a significant milestone in my career, and I am eager to take on the challenges and opportunities that lie ahead.”

Harrison has had a long career in recruitment and has been part of the human resources team at a financial credit agency, Citi, Huawei, and a few others.

Marketa closes Australia office

Marqeta, a global card issuer, has closed its Australian office to cut operating expenses. The company posted a net loss of $69 million in the first quarter of 2023, which included a one-time $32 million post-merger non-cash compensation expense associated with the energy acquisition.

“All existing Marqeta customers in Australia will continue to be supported by our US office. This does not impact their business,” said a Marqeta spokesperson, adding that “all recently signed and currently on-boarding customers will be supported.” The company will continue to “support our global customers who They want to expand into Australia.”

Nexdesk enters Europe with its B2B Crypto OTC office

Nexdesk has launched a self-service B2B OTC digital asset trading desk for European users. It enables B2B companies to execute trades around the clock and offer digital assets such as USDC, BTC, USDT, and ETH.

The company has partnered with Nexpay, a licensed Lithuanian electronic money institution (EMI), to offer banking and cryptocurrency operations.

“The OTC desk allows clients to execute high volume trades with minimal price slippage,” said Uldis Tēraudkalns, CEO of Nexpay.

“By partnering with Nexdesk, we aim to provide a seamless user experience while prioritizing compliance, security, and customer satisfaction. As a licensed EMI company, Nexpay adheres to strict rules, and all customer funds are held in segregated customer accounts within the Bank of Lithuania, which is an integral part of Euro system, which gives our clients a very high level of security.

Ouinex Closes Pre-ICO Over $2 Million

Ouinex, the cryptocurrency exchange launched by cryptocurrency industry veteran Ilies Larbi, has closed an initial funding (pre-ICO) that raised over $2 million. The company highlighted that the funding came from its user base of “1,000+ FX, CFD and Equity traders” when sentiment across Web3 and the capital markets is bearish.

Ellis Larbe, Co-Founder and CEO, Ouinex

“This fundraiser represents the absolute confidence our users have in our ability to build one of the best-performing crypto-asset exchange platforms in the world,” said Larbi, who leads the platform as CEO.

The upcoming cryptocurrency exchange has partnered with Interactive Trading (IVT), a France-based trading academy that hosts a community of 150,000 active traders. It now aims to launch the trading platform in the first quarter of 2024.

AussieChairCircleExCFTCjoinsJuneMarqetaNewsNuggetsofficeShuts
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