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Former Nexo Trading Director Founds Crypto Market Maker Infima Capital, Has Received $5 Million in Funding
2024-08-31 00:35
Odaily News Tom Stanev, former head of trading at cryptocurrency lender and exchange Nexo, has left and founded a new market-making company called Infima Capital, which will lead the new business, according to a document reviewed by DL News. A Nexo spokesperson confirmed to DL News that Stanev and several former employees have left, and other people joining Stanev include former Nexo engineering director Stefan Bonev and former Nexo product manager Lora Zlateva. According to the document, Infima Capital already has more than 40 employees. In addition, Infima received a $5 million investment from an unnamed partner, which will provide Infima Capital with a $100 million credit line for market making and "market neutral strategies." Stanev declined to disclose specific information about the backers, saying: "We have obtained commitments from multiple counterparties, but since we are still in the financing stage, nothing has been determined." (DL News)