Crypto custodian Copper is hiring executives from the Bank of America (BofA) to help develop prime brokerage platforms.
<h2><strong>Bank of America Hires Executives From Copper to Build Crypto Product</strong></h2>
Copper’s prime brokerage platform project will be led by Michael Roberts, who joins directly from BofA, where he was head of the bank’s prime brokerage platform for the Europe, Middle East, and Africa region.

Other members to join Copper include former <a href="https://www.cryptoknowmics.com/news/solana-could-become-the-visa-of-crypto-world-claims-bank-of-america/">BofA</a> directors Adam Groom and Paul Barham from the same team at the bank as well as Ben Carr and Ross Budgen.

https://twitter.com/business/status/1513444004842594309

Copper wants to build a prime brokerage platform that eliminates the need for exchanges to make sure that a true prime brokerage offering can be enabled in this space. Tokarev added,

<em>“There’s not a single sell-side institution on the planet, or at least in the top 20, that is not working on something in digital assets,” </em>.

In light of this, the firm even launched ClearLoop, a digital asset custodian that connects the universe of custodians and exchanges in one secure trading loop with real-time settlement across the network in 2020.

Bank of America Executives Resign to Join Crypto Startup Copper

Crypto custodian Copper is hiring executives from the Bank of America to help develop prime brokerage platforms, according to a report from Bloomberg.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Bank of America Executives Resign to Join Crypto Startup Copper

Top Picks