• Metamask operations lead set to join the BitDAO ecosystem
  • Abra and Bitpanda cut jobs while Kraken still on the hunt for talent

The global head of business development for Citadel Securities is set to lead the company’s joint venture focused on increasing investor access to crypto, Bloomberg News reported.

Citadel Securities and Virtu Financial were in the process of building a cryptocurrency trading platform, a source familiar with the matter told Blockworks last month. Jamil Nazarali is reportedly expected to become CEO of the platform.

Citadel Securities did not immediately return a request for comment. 

Web3 gaming company Immutable hired a former global head of product design for payments at Facebook to lead the protocol’s product design.

Henry Cho will help the company build an API-only user experience that enables mainstream developers to build simply. 

“Immutable will continue hiring the best talent across the globe to continue building our vision of enabling the next billion players to truly own their in-game items,” Immutable co-founder Robbie Ferguson said in a Twitter post.

Andrei Serjantov joined crypto startup Nym as its chief financial officer. He is set to develop the company’s multi-purpose mixnet that helps enable privacy for any application, as well as the underlying finances of its NYM token.

Serjantov joins Nym from French banking group BNP Paribas, where he worked for 16 years. He was most recently the company’s head of electronic credit trading and head of flow credit quantitative research.

“As the bear market rages on, all eyes are on crypto to prove its worth,” Serjantov said in a statement. “Skeptics assume people join crypto to make a quick buck and scam the typical user, but those working through the bear market have something more to prove.”

The former operations lead for self custodial wallet MetaMask is set to join the BitDAO ecosystem to accelerate the adoption of Web3 gaming.

Jacob Cantele is now head of product strategy for BitDAO’s Windranger Labs and head of product for the Game7 DAO. 

Before working at MetaMask, Cantele led product for the Panvala grant funding DAO (decentralized autonomous organization), one of the earliest grant DAOs in the Web3 ecosystem. 

NFT marketplace Magic Eden hired Joseph Doll to the role of general counsel.

Doll previously served as a corporate associate for Fenwick & West, where he structured, negotiated and executed equity and token funding.

Web3 Ventures appointed Zach Rosen to its advisory board as the company gains Rosen’s expertise in software engineering and investment banking. 

Rosen is a co-founder of Brydge, a startup that enables decentralized applications to deploy on one chain and accept payments from others. He said in a statement that he would leverage his network and background within the Web3 space to help identify and evaluate crypto projects for Web3 Ventures’ platform.

Crypto trading and lending platform Abra reportedly laid off about a dozen employees this week as market turbulence continues. Abra CEO Bill Barhydt told The Block that the job cuts — representing about 5% of the company’s workforce — were done “purely as a cost-saving measure.”

An Abra spokesperson did not immediately return a request for comment.    

In case you missed it, crypto exchange Bitpanda is letting go about a third of its workforce. The company, backed by billionaire Peter Thiel, wrote in a letter to employees that it wants to cut down its headcount from more than 1,000 to 730 as it seeks to improve its financial health.

Meanwhile, crypto exchange Kraken posted more than 600 new job ads in the United States in the last seven days, according to a June 29 study by Crypto Jobs List. The Kraken listings account for nearly 20% of the new American crypto job ads over the span.

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  • Ben Strack is a Denver-based reporter covering macro and crypto-native funds, financial advisors, structured products, and the integration of digital assets and decentralized finance (DeFi) into traditional finance. Prior to joining Blockworks, he covered the asset management industry for Fund Intelligence and was a reporter and editor for various local newspapers on Long Island. He graduated from the University of Maryland with a degree in journalism. Contact Ben via email at [email protected]