Crypto exchange IronX has added two more names to its board of advisors. The former CEO of Sirin Labs Tal Cohen and Dr. Paolo Tasca have signed up to help the firm.
Sirin Labs raised a reported $158 million in an initial coin offering. The company still operates but has recently hit a few speedbumps surrounding its current CEO who has been a magnet for controversy.
Dr. Paolo Tasca is Executive Director of the Centre for Blockchain Technologies. He was worked for the Deutsche Bundesbank where he conducted early research on digital currencies.
IronX jumped into the crypto scene when it received regulatory approval from the Estonian Financial Intelligence Unit (FIU) back in September. A joint venture with EmurgoHK, developers of Cardano (ADA coin), in 2017, IronFX received an investment from Gemini Financial Services in the amount of $100 million, according to reports. IronX currently claims 10 trading platforms and over 200 tradable instruments in forex, spot metals, futures, shares, spot indices, and commodities.
IronX’s is in the midst of its sale of IRX tokens which has been extended until January 15, 2019.
IronX Exchange seeks to create a fully regulated exchange ecosystem and to “seamlessly blend cryptocurrencies trading with traditional online trading via a common trading portal.”
IronX CEO Dimitris Hatzis said that Tasca’s first-hand experience with P2P financial systems and blockchain technologies, both from an academic and practitioner point of view, will be of tremendous value to them.
“He has a proven track record, and I’m excited to have the opportunity to bring him into our team,” said Hatzis.
Cohen is said to bring a wealth of crypto knowledge to the platform:
“[He] is highly regarded in the cryptocurrency community. The IronX board will benefit enormously from his strategic and operational expertise as we are moving forward to establishing IronX as a key crypto exchange destination in 2019.”
IronX’s exchange is queued up to launch by the end of the month.
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