Bitpanda Pro Hires Former JPMorgan Exec to Lead Growth in Europe

Investment platform Bitpanda has hired Joshua Barraclough to lead its digital-assets exchange.

AccessTimeIconOct 28, 2021 at 8:00 a.m. UTC
Updated May 11, 2023 at 3:58 p.m. UTC

Austria’s first tech unicorn, Bitpanda, hired former JPMorgan executive Joshua Barraclough as CEO of digital-assets exchange Bitpanda Pro, the company said Thursday.

Prior to joining Bitpanda Pro, which targets experienced traders and institutions, Barraclough was co-head of digital innovation at JPMorgan in London, where his role was to come up with bleeding-edge innovative businesses and products and services helping to change traditional finance.

  • Meme Coin Liquidity Hits Record High
    00:46
    Meme Coin Liquidity Hits Record High
  • How Ledger Stax Plans to Make Self-Custody More Mainstream
    16:42
    How Ledger Stax Plans to Make Self-Custody More Mainstream
  • Why Dogecoin Is a 'Weird' Investment
    16:39
    Why Dogecoin Is a 'Weird' Investment
  • AI Tokens Surge as Nvidia Becomes World’s Most Valuable Company
    00:47
    AI Tokens Surge as Nvidia Becomes World’s Most Valuable Company
  • The move from a traditional bank to Bitpanda was a “no-brainer,” Barraclough said in an interview. “As cryptocurrency investments further become part of mainstream financial markets, retail and institutional investors are demanding tools which enable them to pursue traditional investing strategies while navigating trading nuances specific to digital assets,” he said.

    Barraclough described the crypto arena as complex, adding that while there are many companies vying for leadership positions, few have the right tech, expertise and culture to reach them.

    In August, the Vienna-based investment-trading platform raised $263 million in a Series C funding round led by PayPal founder Peter Thiel’s Valar Ventures. The round valued the company at $4.1 billion. The fresh capital is being used to double down on technology, international expansion and the growth of its team.

    Bitpanda investors include the billionaire hedge fund manager Alan Howard, REDO Ventures, LeadBlock Partners and Jump Capital.

    The company was founded as a bitcoin exchange in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer, It has expanded beyond crypto to offer the trading of stocks, precious metals and exchange-traded funds.

    Bitpanda Pro was introduced in August 2019. It is used by traders and European Union-based companies ranging from private banks to family offices and hedge funds.

    Bitpanda currently has a 600-strong team and tech hubs and offices in eight cities including Vienna, Berlin, Paris and London.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Tanzeel Akhtar

    Tanzeel Akhtar is a reporter based in London,UK.