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The digital asset trust and security company named BitGo has recently appointed the wallet provider Xapo’s former senior vice president as its new chief revenue officer (CRO). The crypto custodian BitGo made the new hire recently, naming the former Xapo official Pete Najarian as its new CRO.

The finance media outlet Finance Magnates reported the news on August 19 – which later spread to many best cryptocurrency news sites. According to the reports, Najarian will not serve as BitGo’s CRO and will report to the chief executive officer (CEO) of the company, Mike Belshe. When commenting on the appointment, the CEO Belshe said:

“Pete has a deep understanding of capital markets and an exceptional breadth of experience in financial services. This makes him a perfect partner for institutional investors who are entering the cryptocurrency market. We’re building the financial infrastructure of the future and Pete’s experience in both traditional financial markets and cryptocurrency will be critical.”

The crypto custodian BitGo is one of the more stable companies out there – and Najarian’s knowledge and skill set will definitely help the company. According to his LinkedIn profile, we can see that Pete Najarian has previously served as the global head of emerging markets sales at the Royal Bank of Scotland and has also been head of institutional client coverage – APAC at the financial services firm UBS (as well as other positions).

Before this, the latest cryptocurrency news also showed that the crypto custodian BitGo has been expanding its presence to Japan this month – and is planning to substantially grow its Japan-based team. The expansion follows hiring a sales director for the Tokyo office of the firm.

In May this year, the crypto custodian BitGo appointed a veteran Wall Street trader named Nick Carmi as its head of financial services – a hire which ostensibly intends to forge stronger connections between digital assets as well as the traditional financial sphere.

Meanwhile, the latest Bitcoin and coming altcoin news show that there is a mix of greens and reds in the market, with the reds being more dominant as the crypto market suffered from another dump this Tuesday.