Crypto Market Maker Portofino Technologies Has Big Plans For 2025

3 months ago

The cryptocurrency trading steadfast is considering opening caller offices successful some New York and Singapore.

Mar 4, 2025, 3:52 p.m. UTC

Portofino Technologies, a Switzerland-based crypto marketplace making firm, has large plans for 2025, the company's CEO Leonard Lancia told CoinDesk successful an exclusive interview.

The crypto marketplace shaper is exploring opening caller offices successful some New York and Singapore, Lancia said.

The steadfast is regulated successful the U.K., Switzerland and the British Virgin Islands, and has plans to grow its licensing nether the EU's Markets successful Crypto-Assets (MiCA) regulation. MiCA came into effect connected Dec. 30 past year.

Portofino has made a fig of elder hires successful caller months. Dipak Shah has joined the institution arsenic its caput of over-the-counter (OTC) trading, based successful London.

Shah joined from Japanese concern slope Nomura, wherever helium was employed arsenic caput of FX options trading. He antecedently worked astatine Wall Street banks Citi (C) and Goldman Sachs (GS).

"While clients and liquidity proviso stay our fig 1 precedence we person and privation to marque investments successful trading and exertion endowment to physique and standard our business," Shah said successful emailed comments.

Portofino wants to beryllium a ascendant subordinate crossed its 3 halfway business segments: physics marketplace making, OTC trading and token services.

"We person already hired galore precocious calibre individuals successful London, with further enlargement planned successful Asia and New York successful presumption of trading personnel," Shah added.

Portofino was founded by 2 erstwhile Citadel Securities leaders Leonard Lancia and Alex Casimo successful 2021. It raised $50 million successful equity backing successful precocious 2022.

The steadfast was liable for implicit $100 cardinal successful trading measurement successful 2024, it said.

The institution is rebuilding aft suffering a fig of departures past year, arsenic reported by CoinDesk.

Will Canny

Will Canny is an experienced marketplace newsman with a demonstrated past of moving successful the fiscal services industry. He's present covering the crypto bushed arsenic a concern newsman astatine CoinDesk. He owns much than $1,000 of SOL.