BNY Mellon-backed crypto trading provider Talos Trading to double APAC workforce: report

Crypto software provider Talos Trading will reportedly double its workforce in the Asia-Pacific region by leveraging the region’s regulatory environment.

Talos Trading, a New York-based crypto trading software provider, is preparing to double its workforce in the Asia-Pacific region next year in a bid to take advantage of the region’s evolving regulatory framework.

Samar Sen, president of Talos’ APAC division, said in an interview with Bloomberg that Asia’s regulatory clarity in markets such as Hong Kong, Singapore and Japan makes it a key growth area. “Asia is punching above its weight in terms of contribution .is the crux of global digital asset companies.”

He also added that the company’s hiring drive will focus on expanding business development, customer service, and product and engineering teams because “many of Talos’ largest customers by trading volume are APAC-based companies.”

Founded in 2018 by Anton Katz and Ethan Feldman and currently valued at $1.25 billion, Talos Trading was previously owned by Andreessen Horowitz and PayPal Ventures.

The company focuses its business on its software that leverages the entire crypto trading lifecycle, including liquidity source, price discovery, trading, clearing, lending, and portfolio management.

The company’s focus on Asia aligns with trends among other crypto giants seeking a more conducive business environment in the region. As Crypto.news previously reported, Worldcoin’s European managing director Fabian Bodensteiner stated that the company’s focus is shifting from Europe to Asia in search of markets more open to innovative technologies.