Ex-Coinbase VP Antonio Alvarez Joins Crypto.com to Head Compliance
- He has headed compliance in both crypto and mainstream finance companies.
Crypto.com, a digital asset financial service provider, announced on Thursday the appointment of Antonio Alvarez as its chief compliance officer.
Alvarez is bringing over two decades of leadership in the Hong Kong-based company and will be responsible for leading worldwide regulatory compliance across Crypto.com’s entire product ecosystem.
Commenting on his new position, Alvarez said: “I’ve long admired Crypto.com for its foundational commitment to security, compliance, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term as a prerequisite to building a trusted, globally recognized brand in financial services.
"I’m thrilled to be given the opportunity to contribute to Crypto.com’s vision of driving cryptocurrency adoption by further strengthening and scaling the Company’s compliance functions to support the rapid growth of the business and it’s objective to become fully regulated in all key jurisdictions around the world.”
A compliance expert
Before joining Crypto.com, he spent a few months in Coinme as its chief compliance officer after heading the same at Coinbase.
Before moving to the digital asset industry with his Coinbase role, he spent three years at Yapstone as chief compliance officer and Western Union for 3 years before that.
He also spent 13 years of his career at American Express at various leadership roles and also another 3 years at Visa.
“I’m excited to welcome Antonio to our leadership team,” Kris Marszalek, co-founder and CEO of Crypto.com, added. “Antonio brings to the table his unique experience covering both traditional financial services and cryptocurrency — a clear match to Crypto.com’s vision of effectively and compliantly bridging the two worlds. Antonio’s mandate is to rapidly scale our compliance & regulatory functions, as we expand globally with local presence and licensing effort in all key markets.”
Meanwhile, Crypto.com is aggressively expanding its crypto offerings with many additions in its services. In April, it enabled USD Fiat currency withdrawals via ACH (Automated Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term) for US users.
Crypto.com, a digital asset financial service provider, announced on Thursday the appointment of Antonio Alvarez as its chief compliance officer.
Alvarez is bringing over two decades of leadership in the Hong Kong-based company and will be responsible for leading worldwide regulatory compliance across Crypto.com’s entire product ecosystem.
Commenting on his new position, Alvarez said: “I’ve long admired Crypto.com for its foundational commitment to security, compliance, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term as a prerequisite to building a trusted, globally recognized brand in financial services.
"I’m thrilled to be given the opportunity to contribute to Crypto.com’s vision of driving cryptocurrency adoption by further strengthening and scaling the Company’s compliance functions to support the rapid growth of the business and it’s objective to become fully regulated in all key jurisdictions around the world.”
A compliance expert
Before joining Crypto.com, he spent a few months in Coinme as its chief compliance officer after heading the same at Coinbase.
Before moving to the digital asset industry with his Coinbase role, he spent three years at Yapstone as chief compliance officer and Western Union for 3 years before that.
He also spent 13 years of his career at American Express at various leadership roles and also another 3 years at Visa.
“I’m excited to welcome Antonio to our leadership team,” Kris Marszalek, co-founder and CEO of Crypto.com, added. “Antonio brings to the table his unique experience covering both traditional financial services and cryptocurrency — a clear match to Crypto.com’s vision of effectively and compliantly bridging the two worlds. Antonio’s mandate is to rapidly scale our compliance & regulatory functions, as we expand globally with local presence and licensing effort in all key markets.”
Meanwhile, Crypto.com is aggressively expanding its crypto offerings with many additions in its services. In April, it enabled USD Fiat currency withdrawals via ACH (Automated Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term) for US users.