Another Leverate executive is parting ways with the trading technology provider, Finance Magnates has learned. Itai Novak is leaving his role as chief financial officer (CFO) at Leverate to join cryptocurrency Trading platform provider Cryptency. He will be replaced by Jacob Yasha Polyakov who is joining Leverate.
Novak will serve as Co-CEO alongside Cryptency’s Sami Mana who left Leverate earlier this month after nearly a year of service in the role of General Manager. Novak is also joining the partners of the firm, which include Haim Lagziel of O-SYSTEMS.
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Mana comments about the move: “We are very happy for a person like Itay who has so much experience to bring his great ability to Cryptency. We are working to build a strong core team and Itai will help us to lead the crypto market from A to Z. We will continue to hire more strong team members and develop the platform. This is another example of the anticipation for this company from end to end in the trading industry.”
Cryptency will be a complete solution for anyone looking to establish a new online brokerage offering trading cryptocurrencies on 4x margin to retail clients. The system has been in development for the past six months, the team behind Cryptency told Finance Magnates. It will also offer dedicated CRM and risk management systems and built-in KYC compliance.
For the traders, the system will serve as a single interface for trading in 860 cryptocurrencies via bridge connectivity to all major exchanges including Poloniex, Kraken and Bitfinex. It will feature advanced charting capabilities, split screen support, indicators, widgets and dynamic content such as social news stream, news events and asset profiles. An app for mobile devices is being prepared for launch too.
Deposits can be made with fiat (USD, EUR…) or from any cryptocurrency wallet. Trading will be done on pairs of crypto/crypto only.