Crypto custodian Copper has announced the appointment of Amar Kuchinad as the new CEO. He will replace Dmitry Tokarev, who led the company for seven years.

New CEO Appointment

Amar Kuchinad, former Goldman Sachs managing director, has been appointed as the new CEO of Copper. He replaces Dmitry Tokarev, who will continue as Copper's founding director and a shareholder.

Amar Kuchinad's Background and Experience

Kuchinad worked at Goldman Sachs from 2005 to 2012, heading the US portfolio credit trading division. Afterwards, he served as a senior policy adviser at the Securities and Exchange Commission (SEC) between 2012 and 2013.

Copper's Strategies and Challenges

Under the chairmanship of Lord Philip Hammond, Copper continues to attract attention from major investors. However, the company has faced several challenges in the crypto industry. In 2021, they raised $25 million in funding, but faced difficulties such as the loss of key executives and termination of partnership with State Street. Copper is focused on expanding into the US institutional market, particularly through its ClearLoop platform, which processes 20 million trades per month.

With the appointment of Amar Kuchinad, Copper aims to strengthen its position in the global market and overcome the challenges it faces.