Crypto exchanges are likely to face more regulatory oversight soon. That might have been one reason Bittrex Global appointed Oliver Linch as new CEO.
Liechtenstein-based crypto exchange Bittrex Global has appointed a new CEO. Oliver Linch, the current General Counsel of Bittrex Global, will take over from Stephen Stonberg, who has stepped down as CEO.
Stonberg has been with Bittrex Global for 3.5 years, first as Chief Operating Officer, and since May 2021, he has overseen the company’s management as CEO. According to his Linkedin profile, he now works as a family office advisor.
“I am so proud of what we have achieved in making Bittrex Global more customer-focused and competitive, “said Stonberg. “I am certain this will continue under Oliver’s lead. I wish my friends and colleagues at the company all the best and know that the future of Bittrex Global is bright.”
Bittrex Global serves both retail and institutional clients globally. The company moved its headquarters from Malta to Liechtenstein in 2019. It was one of many crypto firms that have made the move to Liechtenstein.
Bill Shihara, Co-Founder of Bittrex, said the last three years, the company has gone through “a period of significant change in the sector “and “a considerable expansion of the business. “
The new CEO
Oliver Linch has been at Bittrex Global since 2021. He has a legal background with a degree from Oxford and more than ten years at Shearman & Sterling LLP, a law firm based in New York.
“I look forward to continuing to champion Stephen’s drive for innovation and high levels of customer service at Bittrex Global,” says Linch. “The company constantly strives for the highest standards of regulatory and legal compliance, at the same time improving its product and service offering for our customers. I know that the whole leadership team will be focussed on building on the strong foundations put in place by Stephen.”
Interestingly, Bittrex Global has appointed a legal expert as CEO, likely because crypto product and service providers increasingly face regulatory and legal challenges. Regulatory headwinds will likely worsen, considering the recent hiccups around crypto lending platforms and stablecoins.
“We are very pleased that Oliver Linch will now be leading Bittrex Global as CEO,” said Shihara. “Oliver has over a decade of experience in the financial services sector, having advised major investment banks, brokers, exchanges, and other financial institutions on regulatory matters across different regions, including the US, UK, Middle East, and the European Union. As we welcome increased regulatory oversight in our sector, individuals like Oliver will be key to bridging the gap between traditional finance and the world of digital assets.”