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Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Head of Bitstamp US Departs to Join Castle Island Ventures

Hunter Merghart was Bitstamp's first U.S. employee.

Jun 8, 2021 at 1:35 p.m. UTC
Updated Sep 14, 2021 at 1:07 p.m. UTC

Hunter Merghart, Bitstamp's head of operations in the U.S., is leaving the company to join early-stage crypto fund Castle Island Ventures.

  • Merghart has been tapped by Castle Island Ventures as an executive in residence and venture partner, Merghart announced on his Twitter page Tuesday.
  • He joined Bitstamp in April 2019, becoming the company's first U.S. employee, after he had spent a year as head of trading for Coinbase.
  • Merghart previously worked at Barclays and RBC Capital Markets.
  • In February, Castle Island Ventures raised $50 million for its second fund from high-net-worth individual family offices and others.
  • In April, Mrinalini Bhutoria, who was research director at Fidelity Digital Assets, joined Castle Island Ventures as a principal.

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