Crypto Exchange Trade.io Names David Hannigan As Chief Dealerbr>
Blockchain cryptocurrency exchange trade.io has named David Hannigan as its chief dealer.
Hannigan will lead the company’s risk management department, and will be responsible for building out its OTC Desk, allowing for both retail and institutional fiat-to-crypto exchange functionality. Up to 50% of all OTC Desk revenues will be allocated to the forthcoming liquidity pool, which can only be accessed by using trade.io’s utility token, TIO.
“We’re very lucky to have someone with David’s experience lead the risk management team and spearhead our OTC Desk,” said trade.io’s CEO, Jim Preissler. “David has an impeccable track record in trading and risk management, which is invaluable when dealing with the size of deals in the crypto space. It’s not uncommon to have a $10m deal come through the desk multiple times per day.”
“I see a lot of similarities in how trade.io runs its business to many of the large banks I’ve worked for in the past,” Hannigan said. “With my prior experience in the banking sector, I am cognizant on how profitable an OTC Desk can be. I am thrilled to hit the ground running to provide this service to the trade.io community.”
Hannigan will also be providing daily commentary on the crypto markets which can be accessed by registered trade.io users.