In Brief:
- JPMorgan executive Joshua Barraclough has been hired by Bitpanda.
- Retail investors have access to a wide range of investments through Bitpanda, including crypto, stocks, and precious metals.
JPMorgan executive Joshua Barraclough has been hired by Bitpanda to manage its Bitpanda Pro platform, which targets experienced traders and institutional investors.
Previously, Barraclough was the investment bank’s global head of fintech, which was responsible for creating new businesses and products.
His new role will be to lead Bitpanda Pro’s division for experienced traders, professionals, and institutional investors. Since Bitpanda Pro launched in June of last year, the average daily trading volume has quadrupled.
Barraclough said, “As cryptocurrency investments further become part of mainstream financial markets, retail and institutional investors are demanding tools which enable them to pursue traditional investing strategies while navigating trading nuances specific to digital assets.”
He further added, “This space is complex, and while there are a fierce number of companies out there trying to win, very few have the right tech, expertise, and culture to make this happen.”
Retail investors have access to a wide range of investments through Bitpanda, including crypto, stocks, and precious metals.
As part of a Series C round led by Peter Thiel’s Valar Ventures, the company raised $263 million in August.
