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As the crypto industry matures, top firms, including OKX, Komainu, and Abra, are making bold moves to ensure growth and stability. This week, Copper.co, a major player in digital asset custody, appointed Amar Kuchinad as its new CEO.
This move supports the company’s plans to build on regulatory successes in Hong Kong and Abu Dhabi while expanding globally. Notably, these leadership changes reflect the crypto industry’s increasing demand for finance, regulation, and risk management expertise.
A New Era for Copper: Amar Kuchinad Takes the Helm
Amar Kuchinad is stepping in as Copper’s new CEO, replacing founder Dmitry Tokarev, who led the company for seven years. Although Tokarev is resigning from the CEO role, he still remains on Copper’s board of directors.
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In a press release, Copper’s Chairman, Lord Hammond, praised Kuchinad’s finance and regulation expertise, saying it complemented Tokarev’s technical skills. This partnership is set to guide Copper’s tech deployment for global financial institutions handling digital assets.
Kuchinad’s Expertise: From Wall Street to Digital Innovation
Amar Kuchinad’s background spans some of the largest financial institutions in the world. He began his career at Credit Suisse before becoming Head of U.S. portfolio credit trading at Goldman Sachs.
From there, he served as a Senior policy adviser at the Securities and Exchange Commission (SEC). His entrepreneurial spirit shone through when he founded Electronifie to modernize bond trading through digital innovation.
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Leadership Shifts in the Crypto Industry
Copper.co’s leadership change is part of a broader trend in the crypto sector. Firms are appointing seasoned professionals to navigate both regulatory challenges and growth opportunities.
OKX, a leading crypto exchange, has named Yuri Mushkin its Chief Risk Officer. Mushkin previously worked at BlockFi and McKinsey’s MIO Partners. He is poised to bring valuable risk management experience to OKX. The trading platform recently got a Major Payment Institution (MPI) license in Singapore. This came after it had secured the in-principle approval in March
Meanwhile, Komainu, a digital asset custody provider, has set its sights on Africa. The company appointed Edward Marlow, a former investment banker with experience at Deutsche Bank and Credit Suisse, to lead its efforts.
Abra, another player in the crypto space, has also bolstered its institutional sales team. The firm recently hired David Streltsoff, a former staff member of Anchorage Digital and FalconX. This move aligns with Abra’s strategy of expanding its crypto wealth management services.
As the crypto world grows, so does the need for legal expertise. A digital assets expert, Andrew Hinkes, has just joined Winston & Strawn as a partner. His legal expertise in blockchain and co-authorship of a textbook on the subject will support the firm as crypto companies seek guidance.
