Brokerage group Multibank announced on Tuesday that it has hired Ryan Kim as CEO of its crypto exchange – Multibank.io.
Kim joins the firm from Falcon X, a crypto prime broker, which has its headquarters in the US. Kim was at Falcon X for two years and was Head of Derivatives.
Prior to moving into the crypto space, Kim worked as an FX options trader. He worked for over five years on the Goldman Sachs emerging market FX options desk, before moving to rival investment bank JP Morgan, where he spent just over three years.
Multibank’s crypto offering is structured so that the firm uses an appointed representative agreement with one of its Australian entities to offer spot trading. However, leveraged trades appear to offered via a separate entity based in the Seychelles.
“I am thrilled to lead Multibank.io, and provide access to trusted trading solutions as we follow the Group’s stringent regulatory practices,” said Kim. “MultiBank Group’s advanced technology, global presence and regulatory expertise set it apart from competitors, and I view this as a significant advantage for Multibank.io.”
