According to a document reviewed by DL News, Tom Stanev, the former head of trading at cryptocurrency lender and exchange Nexo, left to start a new market-making firm called Infima Capital. Tom Stanev will lead the new business.
A Nexo spokeswoman confirmed to DL News that Stanev, who already has more than 40 employees, had left along with several former employees, including former Nexo engineering director Stefan Bonev and former Nexo product manager Lora Zlateva.
The documents also show that Infima received a $5 million investment from an unnamed partner who will provide Infima Capital with a $100 million line of credit for market-making and a "market-neutral strategy". Stanev declined to give details of the backers, saying: "We have received commitments from multiple counterparties, but as we are still in the funding phase, nothing has been determined."
Former Nexo Trading Head Launches Crypto Market Maker Infima Capital, Backed by $5 million
2024-08-30 19:22:04
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