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Crypto Investment & Trading Platform Omniex Adds Former SEC and FDIC Chairs to Advisory Board

Omniex Crypto Trading and Investment Platform Welcomes Former SEC and FDIC Chairs to its Team

Reading Time: 2 minutes by on August 9, 2018 Altcoins, Bitcoin, Platform
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San Francisco based crypto trading and investment platform, Omniex, has bolstered its leadership advisory team with the addition of former Securities and Exchange Commission (SEC) chairman Arthur Levitt and ex-Federal Deposit Insurance Corporation (FDIC) chair Sheila Blair, according to a press release on August 7. The exchange has also recently hired several others with impressive backgrounds and experience.

New Team to Boost Omniex’s Strategic Mettle

On-boarding experienced industry personnel will no doubt provide a huge impetus to the higher management team at Omniex. Personnel with backgrounds in finance regulation like former SEC chairman, Levitt, and former FDIC chair, Blair are a necessary component of moving Omniex forward. Hu Liang, CEO and co-founder of Omniex, stated, “Each appointment brings a wealth of capital markets expertise and leadership to our team that will be critical to achieving our mission of empowering institutional investors to seize the opportunities of crypto-assets.”

Also recently acquired by Omniex is former Thomas Reuters head of capital markets, Maartje Bus, in capacity of director of strategic partnerships. Similarly, Tom Eidt has been appointed as the chief compliance officer and general counsel. Eidt was the former head of KCG’s regulatory affairs division.

Former Chairs of SEC and FDIC Weigh in on Omniex

Arthur Levitt chaired the SEC from 1993 to 2001, thus becoming the longest serving president of the national exchange commission. Currently, he serves as an advisor to a number of up and coming technological companies including BitPay, Mirror, and Blockchain. He is a board member at Bloomberg and an advisory board member of KCG, in addition to having worked as a senior advisor to Goldman Sachs.

Levitt believes that institutional investors today need “purpose-built technology to solve the challenges they face today.” He also stated that currently, Omniex is in a healthy position to be the catalyst that can transform the present “fragmented crypto-ecosystem into a streamlined infrastructure.”

Sheila Blair, former FDIC chair, noted, “We’re in the nascent stages of a revolutionary, global asset class, but we’re also on the cusp of regulatory thinking on how to approach and regulate crypto assets.” She believes that a firm like Omniex is designed to address the concerns raised by regulators in recent past about the lack of a coherent regulatory infrastructure in the world of cryptocurrencies.

About Omniex

Omniex is an institution-oriented cryptocurrency trading platform, which provides easy and clear access to large scale institutional investors in crypto markets. The exchange provides services which include “portfolio and risk management, trade execution, investment operations and compliance solutions for crypto-assets to buy-side, market-making and broker-dealer institution.”

The firm came into existence in the fall of 2017, courtesy of a dedicated team of technologists, crypto enthusiasts, and financial executives. The company has raised $10 million in seed funding from a number of institutional investors including Jump Capital, Digital Currency Group, Sierra Ventures, Clocktower Technology Ventures, Alan Howard, and others.

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