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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