Former Senior Exec for CBOE Joins AlphaPoint Exchange to Improve Trading and Business
AlphaPoint has been in business since 2013 as a white-label digital asset exchange platform. They make it possible for corporation to find a place in the digital world for their digital assets. With this mission in mind, the platform recently welcomed a new leader for their trading and exchange business – Kapil Rathi, the former Head of Equity Options for CBOE. The hope of the company is that, by bringing in Rathi, the new leader will “support its growth and ongoing innovation.
Reflecting on his experience with CBOE and his new position with AlphaPoint, he said,
“Institutions have not only started to accept cryptocurrencies and digital assets but are also creating new financial products based off of them.” He added that he has watched the industry demand to bring in new option, especially for the last few years, and that he is “excited to be the newest member of the AlphaPoint team.”
Rathi’s excitement for the cryptocurrency industry has been public and bold since he was working for CBOE. While speaking in an interview with Options Insider several months ago, he commented that the company was a group of “believers in the crypto space.” He did not want to claim that Bitcoin would be at any certain value, but the team was “taking a holistic approach” as they observed the market.
Rathi has been watching the progress of AlphaPoint for over a year, as it has progressively introduced more products and institutions into the growing crypto space. With this new position, he wrote in an email that he aims to “improve and bridge the collaboration between mainstream finance and the digital assets industry to build and grow the ecosystem.”
While discussing the current status of the partnership between these entities, he also said,
“Digital assets and crypto are at an interesting crossroads. While the investor demand and appetite to participate in digital assets is exponentially increasing, the facilitators of capital markets like prime brokers, custodians, exchanges, and regulators are taking a slow and cautious approach.”
During his time with AlphaPoint, he said that he plans to use the experience that he gathered so far in his career to help “transform” this aspect of the industry into something with as much validity as “other asset classes like equities, options, and fixed income.” As he works on the new AlphaPoint products, he will be working alongside many regulators, though he intends to keep up with the need for protection for investors and the rights they have in the industry.
The president and co-founder of AlphaPoint, Igor Telyatnikov, commented that,
“The management team will supply plenty of equally-talented members for Rathi. Right now, the group includes several longtime employees from Nasdaq, the New York Stock Exchange, UBS, and Bloomberg.”
In a statement to CoinDesk, Telyatnikov said,
“It's also a true testament to how far we've come in the industry that a blockchain company like AlphaPoint can bring on someone like Kapil, who ran one of the largest equity options exchanges in the world – this is extremely notable.”