In their continued steps to become the institutional platform for bitcoin traders and investors, New York City-based Coinsetter announced Thursday the hiring of a prominent financial industry veteran to work on business development.
The company said Thursday they’ve brought aboard Mr. Jay Biancamano as Chief Business Officer, touting Mr. Biancamano’s credentials:
[blockquote style=”2″]A premier senior executive at institutional financial technology firms on Wall Street, including Aritas, Liquidnet, ITG and J.P. Morgan, Biancamano is a well-connected expert on electronic trading systems and institutional sales. Before joining Coinsetter, Biancamano was CEO of Hoyvin, a financial technology firm providing scalable intelligent data analysis and natural language processing for financial markets. Prior to that, Biancamano was a Global Head at Liquidnet, where he built and managed over 60 strategic partnerships with OMS and EMS providers that led to over $100mm in annual sales.[/blockquote]
Given his experience, Coinsetter pegs the hiring of Biancamano as a “valuable addition” to the management team at the company.
His primary role at the exchange will be to develop partnerships with both professional and institutional investors who are interested in carrying out “advanced” bitcoin trading.
“Bitcoin represents the most exciting area of financial technology–we are seeing a new asset class and trading infrastructure rapidly develop before our eyes,” Biancamano said. “In the span of just months, the Bitcoin market will become sophisticated in much the same way as the equities space did over the past 15 years. I am excited to join Coinsetter in developing a robust exchange model for both new and traditional institutional investors that offers a safe, efficient way to trade bitcoin.”
Coinsetter CEO Jaron Lukasiewicz remarked, “In the last few months, we have seen increased demand for features that allow institutional systems to trade Bitcoin. Our FIX API is our most recent addition to this institutionally-focused feature set.”
He adds, “Features are great, but people are more important. Jay’s leadership of our business development team will allow Coinsetter to grow in the institutional market through his understanding of this sophisticated client base.”