Former OTC Trading Leader Of Coinbase Joins Mike Novogratz's Galaxy Digital

Galaxy Digital Welcomes Tim Plakas, Former COO At Coinbase’s OTC Trading Desk

One of the brightest talents at Coinbase, Tim Plakas, is moving from the distinguished exchange to billionaire Mike Novogratz’s Galaxy Digital. Tim is one of the most influential figures that led to the implementation of OTC markets to Coinbase and is set to do the same to Galaxy Digital’s OTC desk. No information on his role at the billionaire’s company has been released to the public yet.

Growth Of Coinbase OTC Trading Desk

Asiff Hirji, the chief operating officer and president of Coinbase OTC trading desk, hinted on the possible addition of OTC markets on its platform in June 2018. The news grew old fast but later in November, the company quietly launched its OTC markets for the Coinbase Prime customers.

The company are licensed under the New York State Department of Financial Services which allows the firm to forge “a path to offer future services that include crypto securities trading, margin and over-the-counter (OTC) trading, and new market data products.”

The launch of the OTC desk by Coinbase provides a gateway for institutions and corporations in cryptocurrency investments. It provides and efficient, cheap and attractive method to trade digital assets using private brokers between buyers and sellers. Tim has a huge effect on Coinbase’s OTC desk success despite not being the author of the idea.

Plakas Set To Leave Position At Coinbase To Ben Floyd

Timothy Plakas is an experienced financial analyst having previously having worked in equity sales, trading and investment relations at Citigroup bank. Furthermore, Tim interned as a wealth management analyst at Merrill Lynch and spent 7 years serving in the US. Air Force. His LinkedIn profile shows he studied in Fordham University and graduated with a bachelors’ degree in Economics.

While Timothy Plakas ranks as one of the top employees at the investment wing of Coinbase, other employees have also moved to greener pastures including Christine Sandler, who left to join Fidelity earlier this year, and Hunter Merghart, who recently joined rival exchange Bitstamp from Coinbase.

Given Plakas move to Galaxy Digital, his slot will be occupied by Ben Floyd, the current head of trading at Coinbase. Ben is the founder of BPL Digital, a mobile and web agency, which he acquired in April 2018. Furthermore, Floyd previous work experience as a writer, analyst and venture capitalist in the cryptocurrency world suits his new role.

Earlier in the year in April, Galaxy Digital also said goodbye to its Chief Technology Officer, Mike McMahon.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,466FansLike
2,795FollowersFollow
4,236FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitfinex Offers $400M Reward For Info on 120k BTC Stolen in 2016; Hackers Can Collect Too

On August 2, 2016, Bitfinex experienced one of the biggest crypto heists of all time, as hackers exploited the system, running off with approximately...

Crypto Trading Platform, 2gether, Unable To Refund $1.4M Hack; Offers Its Native Tokens

Spanish cryptocurrency trading app, 2gether announced on Sunday the platform faced a hack on July 31 on its investment coffers losing €1.183 million ($1.4...

Venture Fund to Invest Majority of $100 Million Raised Fund in DeFi Protocols

San Francisco-based venture fund Electric Capital has raised $100 million from university endowments and other non-profits and it will be using this to invest...

Filecoin to Begins its Incentivized Testnet This Week Ahead of Project Launch Next Month

Crypto project Filecoin which proposes to create a peer-to-peer storage system, will begin its incentivized testnet this week. This testnet will allow users to...

Ethereum 2.0 Final Testnet, Medalla, Rolls Out; Is A 2020 Launch Now In Sight?

The Ethereum 2.0 Phase 0 Medalla public testnet finally went live on August 4, 2020 at around 1AM GMT giving hope of a possible...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today