Former FXCM Executive Joins Cryptocurrency Firm Paxful

A former FXCM executive has jumped ship to blockchain technology company Paxful.

Summi Kwan joined the peer-to-peer marketplace operator at the start of the year according to information publicly available on her LinkedIn page.

Kwan will be heading up Paxful's Asian sales team.

That means she'll be responsible for managing the company's sales operations in Asia.

Significantly, she will have to define the company's strategy in the region and start establishing relationships with vendors.

On top of this, Kwan will support the sales teams' entire process, from prioritizing certain partners and structuring transactions to negotiating contracts and closing deals.

This is not Kwan's first foray into the world of cryptocurrency trading.

Prior to joining Paxful, she was Head of Sales at Biggs Capital - a Hong Kong-based firm which invests in Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and cryptocurrency projects.

During a five-month stint with the investment company, Kwan was responsible for developing a global business development plan and conducting business analyses.

But before she joined Biggs Capital in August of last year, Kwan worked not in the land of decentralization but the world of foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

FXCM alumnus

More specifically, she worked for retail trading giant FXCM in the broker's Hong Kong office.

Starting as an institutional sales associate in late 2012, she was soon promoted to become a Senior Institutional Consultant and, in mid-2013, she moved to FXCM's Shanghai office.

In that role, she helped the broker's institutional sales team in China and helped grow the company's business operations in the world's second-largest economy.

After three and a half years, Kwan left FXCM to join another retail trading giant, ADSS.

As with her previous role at FXCM, Kwan was responsible for developing ADSS' institutional business in East Asia.

Working as Vice President of Sales, she spent just over two years at the firm before joining Biggs Capital in August of last year.