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.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.