• Arrington Capital, a digital asset management and venture capital firm, has hired Bhavik Patel as its chief investment officer.
• Patel previously served as chief product officer and head of derivatives business at crypto exchange BitMEX.
• His work history also includes roles as APAC derivatives strategist for TK UBS and risk management positions at European investment banks.
Arrington Capital Hires New Investment Head
Arrington Capital, a digital asset management and venture capital firm founded in 2017 by TechCrunch founder Michael Arrington and CEO Heather Harde, has hired Bhavik Patel as its new chief investment officer. With over $1 billion in assets under his wings, Patel will be responsible for developing the firm’s liquidity and trading business strategy.
Patel’s Professional Background
Prior to joining Arrington Capital, Patel was the chief product officer and head of derivatives business at crypto exchange BitMEX. He also worked as an APAC derivatives strategist for TK UBS along with several training and risk management positions in various European investment banks.
Purpose of Appointment
According to Michael Arrington, the purpose of appointing Bhavik is to bring a mature perspective to their trading strategy through his institutional knowledge. This move is meant to elevate their liquidity and trading business on a higher degree than before.
Significance of Appointment
The addition of Bhavik Patel to the team highlights the importance that Arrington Capital places on having an experienced professional who can manage investments wisely while navigating the ever-evolving cryptocurrency market with finesse.
Overall, this appointment is expected to further strengthen Arrington Capital’s position in terms of providing value added services to investors looking for reliable returns from their investments in the cryptocurrency space.