Hunter Merghart, a well-known name in the crypto sector, has just taken over as chief operating officer (COO) of digital assets at hedge fund Millennium Management.
He has confirmed the appointment on his LinkedIn profile.
Until June last year, Merghart ran Bitstamp's US division, and before that he worked for two years as head of Coinbase's trading division. In addition, the Millennium appointment will not prevent him from remaining a partner at Castle Island Ventures.
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Merghart took his first steps in the crypto sector back in 2018 after working for 12 years at Barclays, RBC Capital Markets and Credit Suisse.
He will reportedly be in charge of creating strategy and business operations. Millennium Management is building a digital assets division.