Crypto.com's Promotes COO to President

Crypto.com stalwart Eric Anziani will be taking on an expanded role as the exchange’s president, in addition to his current role as chief operating officer, the exchange announced in a statement on Tuesday.

Anziani, who joined the company in Hong Kong in 2018 as SVP of group strategy, was also chief strategy officer before taking on his current COO role in September 2019. He previously worked at Goldman Sachs, McKinsey, PayPal, and Global Fashion Group in London, Paris, Singapore and Tokyo.

In his expanded role, Anziani will oversee operations (including customer experience, onboarding and global payments), and he will continue to lead strategy, product, sales, international expansion, data, research and blockchain integration, the announcement said.

Founded in 2016, the Singapore-headquartered exchange has 70 million users on the platform. However, the company, like many others in the crypto space, has had a tough year. Its Cronos (CRO) token is down about 90% this year, from its high in January of US$0.585 to US$0.05745 at time of writing.

The company has also been laying off staff. While it said in June that it had only laid off 5% of its workforce, or 260 employees, Decrypt reported that the exchange engaged in a second round of layoffs, which are cited to be worse than in June.

Crypto.com received an in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License in June 2022. It also brought on board ex-government official Chin Tah Ang as its general manager in its Little Red Dot headquarters in August.