Copper Appoints Amar Kuchinad as CEO

Copper has appointed Amar Kuchinad, a former Goldman Sachs managing director, as its new CEO, succeeding founder Dmitry Tokarev, who will transition to the role of founder director. This leadership change aims to enhance Copper's institutional focus and expand its presence in the U.S., Hong Kong, and Abu Dhabi, targeting traditional financial institutions. Under Kuchinad's guidance, the company intends to strengthen its ClearLoop platform, which processes 20 million trades monthly, amidst growing scrutiny regarding its compliance practices following past investigations. Tokarev, who condemned the Kremlin’s actions during the Ukraine crisis, remains a strategic shareholder despite stepping down from daily operations. The appointment comes as Copper seeks to recover from challenges in the crypto market and attract major clients like hedge funds and asset managers. The firm aims to leverage recent regulatory advancements to position itself as a key player in the blockchain sector.