BitGo Hires Sales Chief from Crypto Custody Rival Xapo

Pete Najarian previously worked for bitcoin service provider Xapo as senior vice president of institutions.

AccessTimeIconAug 19, 2019 at 2:00 p.m. UTC
Updated Sep 13, 2021 at 11:21 a.m. UTC

Cryptocurrency custodian BitGo has announced the addition of Xapo's Pete Najarian to its executive team.

Joining as the chief revenue officer, Najarian is tasked with global sales strategy. Najarian was senior vice president of institutions at bitcoin service provider Xapo before joining BitGo. Coinbase Custody announced its acquisition of Xapo's institutional business last week.

Speaking on the latest hiring, BitGo CEO Mike Belshe said Najaraian's history in both the legacy and cryptocurrency markets made him a natural fit for the position:

“Pete has a deep understanding of capital markets and an exceptional breadth of experience in financial services. This makes him a perfect partner for institutional investors who are entering the cryptocurrency market . . . Pete’s experience in both traditional financial markets and cryptocurrency will be critical."

Najarian said the cryptocurrency market is gaining interest from traditional finance. “In my conversations with institutional investors, it’s clear that interest in cryptocurrency continues to grow, and that there is a real and significant opportunity," Najarian said.

Image of Mike Belshe via CoinDesk archives


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; 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.