TradeInformer understands that retail broker executive Adam Dance is set to leave his role at StoneX after almost four years at the firm.
He will move to a large player in the cryptocurrency space.
Dance joined StoneX, which operates retail broker brands FOREX.com and City Index, back at the start of 2022.
He was initially Head of Product and was made Product Director in the same year.
Prior to working at StoneX, Dance worked for over a decade at London-listed IG Group.
That included stints in senior product and business development roles, as well as a three year stint as the broker’s CEO for its entity in the United Arab Emirates.
More broker execs making the switch to crypto
Several executives in the broker industry have moved over into roles at cryptocurrency companies.
Most notably, we have seen several product, marketing, and c-level executives move from IG Group to Crypto.com.
Over in Cyprus, Coinbase and Kraken both acquired local entities to launch trading products in the European Union.
Coinbase bought broker XSpot Wealth and has since renamed the firm and brought the company’s staff members on to its own books.
