Crypto Wallet Appoints New Chief Operating Officer And Chief Strategy Officer

Job Appointments | April 30, 2020 By:

Cryptocurrency wallet provider has promoted its Global Head of Strategy Xen Baynham-Herd as the company’s new Chief Operating Officer (COO) and its Global Head of Markets Charles McGarraugh as its newest Chief Strategy Officer (CSO).

Founded in 2011, is currently the provider of the world’s most popular bitcoin wallet and the most widely used bitcoin APIs. currently has 30 million wallet users in over 140 countries.

Prior to joining, Baynham-Herd spent 7 years at UBS where he managed a $10 billion structural asset portfolio and derivatives trading book as a trader. Baynham-Herd was also a business lead and specialist for balance sheet innovation related to blockchain and distributed ledger technology (DLT).

“Since joining the team, he has driven the build out of our brokerage trading products, markets team, our exchange, served as the General Manager of the Wallet, and most recently, led our global product teams as EVP Product,” said Peter Smith, Co-founder and CEO at “In his new role as COO, Xen will be my partner and oversee product operations, markets, operations, customer success, marketing, communications, data and talent.”

McGarraugh is a former trader and partner at Goldman Sachs. He has been with the team since October 2018 following the acquisition of Stratagem, where he was CEO, and has already contributed massively to the company as Global Head of Markets.

“Charlie is a truly charismatic person, always super stoked, with a genuine enthusiasm for trading and markets that’s infectious,” said Smith. “Charlie also has an incredible intellect, is a deep macro thinker, and is among the smartest individuals that I’ve ever worked with. On a personal level, I’ve really enjoyed working with Charlie and I’m very grateful for everything he’s done so far. I have the utmost confidence in his ability to lead. As Chief Strategy Officer, Charlie will be responsible for corporate development, financial product development and business development in addition to continuing to lead the Markets Team.”