Kevin Beardsley has been named as the new head of business development at Kraken Futures, its new Bitcoin futures operation. The former managing director of over-the-counter (OTC) crypto trading platform B2C2 will be responsible for strengthening the San Francisco-based exchange’s presence in the U.K and to sell big trading companies in Europe on their market for so-called perpetual futures.
It’s known that some big global banks are also considering whether to start a trading desk to make markets in digital currencies. Such contracts, which were first popularized by crypto trading giant BitMEX, offer a synthetic way to trade cryptocurrencies and Beardsley’s experience in this field would serve Kracken well.
Questioned about his new job role Kevin Beardsley commented: “Having worked across a wide range of market participants, I have a pretty good understanding of what people are looking for and how to meet those needs. I can say with confidence that Kraken Futures has the best quality product, and I am excited for what lies ahead.”
Kevin Beardsley excited about his new business development role with Kraken
Beardsley seemed to be very excited about his new company role with Kraken and believes that his extensive experience will come in handy at his new role when it comes to beating its competitors, he commented, “what I really like about Kraken is that it is a crypto native business, so it is from the ground up built on crypto infrastructure.”
In his new role with Kraken Futures, the London division of the San Francisco-based exchange crypto company, Kevin Beardsley will lead business development for their derivatives platform, with the goal of cementing its presence in the UK. He believes that the unit’s unique fee structure a trading infrastructure will help it stay ahead of the curve.
Beardsley, who is a UK resident, will take over the operation which currently has a trading volume of $2.5 billion already and help to progress it to the next stage.
Meanwhile, Beardsley’s previous company, cryptocurrency-focused B2C2, is already pursuing an expansion of their own by hiring Wall Street veteran Rob Catalanello as CEO of US Operations in March as it turns is focus on the U.S. market.