Meet Kevin Beardsley: Kraken’s New Captain in Futures Trading
In a strategic shake-up, Kraken has recruited Kevin Beardsley, the former managing director of the cryptocurrency OTC trading platform B2C2, to steer its newly minted Bitcoin futures operation. With a solid year of leadership experience at B2C2 under his belt, Beardsley steps into the role like a seasoned captain navigating uncharted waters.
The Future is Bright: Kraken Futures’ Rapid Expansion
As of June, Kraken Futures surged to a whopping $2.5 billion in volume, showcasing its potential in the crypto trading scene. Beardsley has his sights set on expanding this promising venture even further. In his own words, he pointed out, “Being a pretty wide range of different types of participants, I have a pretty good understanding of what people are looking for and how to meet those needs.” Talk about being a jack-of-all-trades!
Competition Heats Up: A Look at the Crypto Futures Landscape
While Kraken is making waves, it won’t be alone in the crypto futures arena. With notable players like Binance and Huobi stepping into action, the competition is set to intensify. The cryptocurrency market in 2019 is gearing up for a showdown, especially with Bakkt testing its institutional-grade futures product this week. It’s like having a front-row seat to the Super Bowl of crypto!
Kraken’s Smart Moves: Funding and Acquisitions
This move comes on the heels of Kraken raising an impressive $13 million in funding last month—prime time for expansion, if you ask us! Earlier this year, Kraken also acquired its futures operation, previously known as Crypto Facilities, which remains based in London. Interesting dynamic, right?
B2C2’s Own Expansion Plans: A Tale of Two Titans
On the flip side, B2C2 is not sitting still either. They’ve recently brought Wall Street veteran Rob Catalanello on board to strengthen their play in the U.S. market. With both Kraken and B2C2 ramping up their efforts, it’s an exciting time for cryptocurrency enthusiasts. Will competition drive better services and prices for consumers? Only time will tell!
Disclaimer: An earlier version of this article said that Kevin Beardsley had been CEO of B2C2 and would be CEO of Kraken’s Bitcoin futures platform, while his actual title was managing director and will be head of development.
