Fireblocks fills out its C-suite after layoffs

Elsewhere, Crypto.com has a new OTC trading head

March 9, 2024 12:00 pm

Fireblocks CEO Michael Shaulov | Permissionless I by Blockworks

Fireblocks has tapped Michal Ferguson as its chief marketing officer, just weeks after it appointed Michael Levine as chief financial officer and Maden Gadde as chief customer officer.

Ferguson previously worked at cybersecurity platform Sync, holding the title of head of global demand. Her new role as chief marketing officer at Fireblocks will leave her in charge of ensuring the adoption of counterparty-risk-free infrastructure across retail and institutions.

In a press release reviewed by Blockworks, Ferguson noted that it is a “pivotal time” to be joining the Fireblocks team.

Newsletter

Subscribe to The Breakdown

Ferguson said “the platform’s versatility and commitment to addressing the evolving needs of digital assets’ growing customer base ha[s] enabled it to make massive strides across payments, tokenization and on-chain development.”

These latest C-suite hires come shortly after Fireblocks had cut 3% of its workforce. It did that earlier this year in an attempt to restructure its go-to-market strategy and customer support operations.

Crypto.com bolsters OTC desk with ex-Kraken trading lead

Crypto.com has appointed Ryan Fennelly as the head of OTC trading.

Fennelly was previously a quantitative trader, with experience primarily in capital markets and interest rate trading. He most recently held a position leading the OTC EMEA desk at the centralized exchange Kraken.

At Kraken, Fennelly will be responsible for spearheading its OTC service and improving trading services for the exchange’s clients.

Other notable hiring news

A Morgan Stanely alum joined Prometheum as chief financial officer ahead of the company’s trading launch.
Richard Teng shared his thoughts on his first 100 days as Binance’s new CEO.
Ethereum layer-2, Optimism, hired Amanda Tyler as head of marketing.

Get the news in your inbox. Explore Blockworks newsletters:

The Breakdown: Decoding crypto and the markets. Daily.
0xResearch: Alpha in your inbox. Think like an analyst.

Tags

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Digital Asset Summit 2026

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

recent research

Research

HIP‑3 Silver Microstructure: Hyperliquid vs CME

HIP-3 is scaling Hyperliquid beyond crypto, with TradFi instruments now 31% of venue volume and daily notional above $5B. Silver is the most important of these flows, and last Friday’s violent move gives a stress test of HIP-3 market health. Using high-frequency trade/quote/order-book data and benchmarking against CME/COMEX Micro Silver futures, we find that for smaller, retail-weighted clips HIP-3 Silver delivered tighter pre-crash spreads and better execution. Finally, we present a novel 24/7 use case: positioning and pricing into the Sunday reopening auction.

by Shaunda Devens