Paxful, a global peer-to-peer Bitcoin platform, has announced the appointment of Roshan Dharia as its new Interim Chief Executive Officer, effective immediately. This comes after a short shutdown period of the exchange before the departure of Co-Founder and former CEO Ray Youssef.
According to a press release sent to Bitcoin Magazine, Dharia will be responsible for strengthening operations and exploring strategic alternatives for the company. With years of experience in similar roles, Dharia expressed his enthusiasm, saying, “It is a great honor to be the CEO of Paxful. Over the past eight years, Paxful has become a pioneer in establishing real Bitcoin use cases and helping millions of people. in the process.”
Previously a senior executive at TrustToken (now known as Archblock), Dharia led the DeFi institutional lending business. He also founded and founded the investment platform PTHL Affiliates, specializing in private company acquisitions and restructuring.
Srinivas Raju, Paxful’s Custodian, expressed his confidence in Dharia’s leadership, saying, “I am delighted that Roshan has joined Paxful and will take over the day-to-day management of the company. I am confident under his leadership in business will continue to build a financial system that truly serves 100%.”
Youssef’s recent departure from Paxful was reportedly the result of a fight involving numerous accusations and legal disputes with co-founder Artur Schaback, who is currently the exchange’s COO.
Since its establishment in 2015, Paxful has experienced tremendous growth, attracting more than 12 million users worldwide and facilitating billions of dollars in transactions on its platform, according to a press release.
